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                    [ArticleID] => 177980
                    [Title] => Transfer of First Centennial Clark to CDC may be held up
                    [Summary] => The plan of the National Development Co. (NDC) to transfer the money-draining First Centennial Clark Corp. (FCCC) to the Clark Development Corp. (CDC) may be held up, if Asian Construction Development Corp. (Asiakonstrukt), a minority shareholder in FCCC, opposes the transfer.


This possibility was confirmed by Trade and Industry Secretary Manuel Roxas II last week.


According to Roxas, Asiakonstrukt, although a minority shareholder in FCCC, actually has the veto power over corporate decisions of FCCC which constructed the Expo Filipino in Clark.


                    [DatePublished] => 2002-09-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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ASIAN CONSTRUCTION DEVELOPMENT CORP

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    [results] => Array
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            [0] => Array
                (
                    [ArticleID] => 177980
                    [Title] => Transfer of First Centennial Clark to CDC may be held up
                    [Summary] => The plan of the National Development Co. (NDC) to transfer the money-draining First Centennial Clark Corp. (FCCC) to the Clark Development Corp. (CDC) may be held up, if Asian Construction Development Corp. (Asiakonstrukt), a minority shareholder in FCCC, opposes the transfer.


This possibility was confirmed by Trade and Industry Secretary Manuel Roxas II last week.


According to Roxas, Asiakonstrukt, although a minority shareholder in FCCC, actually has the veto power over corporate decisions of FCCC which constructed the Expo Filipino in Clark.


                    [DatePublished] => 2002-09-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

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abtest

Transfer of First Centennial Clark to CDC may be held up

By Marianne V. Go | September 30, 2002 - 12:00am

The plan of the National Development Co. (NDC) to transfer the money-draining First Centennial Clark Corp. (FCCC) to the Clark Development Corp. (CDC) may be held up, if Asian Construction Development Corp. (Asiakonstrukt),...

Business