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                    [ArticleID] => 381460
                    [Title] => SEC okays Baguio Gold capital hike
                    [Summary] => 




The Securities and Exchange Commission (SEC) has approved the increase in the capital stock of Baguio Gold Holdings Corp., a listed holding firm owned by taipan Lucio Tan, from only P400 million to P20 billion.  


The capital hike is intended to cover the shares to be issued by Baguio Gold to TrustMark Holdings Inc. as part of a plan to acquire a majority stake in flag carrier Philippine Airlines (PAL), which is also owned by Tan.


The SEC also approved the change of Baguio Gold’s name to PAL Holdings Inc.  


                    [DatePublished] => 2007-01-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 375913
                    [Title] => PAL receiver approves Baguio Gold debt swap
                    [Summary] => 



The rehabilitation receiver of Philippine Airlines (PAL) has posed no objection to company’s proposed acquisition by listed firm Baguio Gold Holdings Corp., saying the plan does not adversely affect the flag carrier’s amended recovery program.


                    [DatePublished] => 2006-12-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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                )

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                (
                    [ArticleID] => 358982
                    [Title] => Baguio Gold stockholders okay PAL buyout, capital increase
                    [Summary] => Shareholders of Baguio Gold Holdings Corp. approved yesterday the acquisition of flag carrier Philippine Airlines (PAL) and the proposed increase in the listed holding firm’s capital stock to P20 billion from only P400 million.


The capital hike is intended to cover the acquisition of PAL and other investments.


                    [DatePublished] => 2006-09-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 357527
                    [Title] => Acquisition of PAL by Baguio Gold needs creditors’ OK
                    [Summary] => 



Baguio Gold Holdings Corp.’s acquisition of Philippine Airlines (PAL) would need the approval of the flag carrier’s creditors in order for it to be implemented, according to a top official of the Securities and Exchange Commission (SEC).


SEC chairman Fe Barin said while the commission is not opposed to the proposed transaction, all actions and decisions of the flag carrier must have the consent of PAL’s creditors since it is under receivership.


                    [DatePublished] => 2006-09-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 353622
                    [Title] => PAL gains backdoor listing in stock mart
                    [Summary] => Baguio Gold Holdings Corp.’s board of directors has approved the acquisition of a combined 81.57-percent interest in Philippine Airlines (PAL) from six companies, virtually resulting in the backdoor listing of the flag carrier on the local bourse.


Both Baguio Gold and PAL, the nation’s biggest airline, are controlled by beer, tobacco and banking magnate Lucio Tan.


                    [DatePublished] => 2006-08-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 269668
                    [Title] => Tanduay profit jumps 88% to P660M
                    [Summary] => Tanduay Holdings Inc., the hard liquor concern of tobacco and beer magnate Lucio Tan, said its net profit jumped 88 percent to P660 million last year on higher sales. 


In a disclosure to the Philippine Stock Exchange, Tanduay said net sales rose 22 percent to P6.76 billion, largely a result of higher sales volume and the increase in selling prices by 13 percent.  Sales volume increased by nine percent.


                    [DatePublished] => 2005-03-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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                )

        )

)

ASIAN PACIFIC EQUITY CORP

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                    [ArticleID] => 381460
                    [Title] => SEC okays Baguio Gold capital hike
                    [Summary] => 




The Securities and Exchange Commission (SEC) has approved the increase in the capital stock of Baguio Gold Holdings Corp., a listed holding firm owned by taipan Lucio Tan, from only P400 million to P20 billion.  


The capital hike is intended to cover the shares to be issued by Baguio Gold to TrustMark Holdings Inc. as part of a plan to acquire a majority stake in flag carrier Philippine Airlines (PAL), which is also owned by Tan.


The SEC also approved the change of Baguio Gold’s name to PAL Holdings Inc.  


                    [DatePublished] => 2007-01-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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            [1] => Array
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                    [ArticleID] => 375913
                    [Title] => PAL receiver approves Baguio Gold debt swap
                    [Summary] => 



The rehabilitation receiver of Philippine Airlines (PAL) has posed no objection to company’s proposed acquisition by listed firm Baguio Gold Holdings Corp., saying the plan does not adversely affect the flag carrier’s amended recovery program.


                    [DatePublished] => 2006-12-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                    [ArticleID] => 358982
                    [Title] => Baguio Gold stockholders okay PAL buyout, capital increase
                    [Summary] => Shareholders of Baguio Gold Holdings Corp. approved yesterday the acquisition of flag carrier Philippine Airlines (PAL) and the proposed increase in the listed holding firm’s capital stock to P20 billion from only P400 million.


The capital hike is intended to cover the acquisition of PAL and other investments.


                    [DatePublished] => 2006-09-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 357527
                    [Title] => Acquisition of PAL by Baguio Gold needs creditors’ OK
                    [Summary] => 



Baguio Gold Holdings Corp.’s acquisition of Philippine Airlines (PAL) would need the approval of the flag carrier’s creditors in order for it to be implemented, according to a top official of the Securities and Exchange Commission (SEC).


SEC chairman Fe Barin said while the commission is not opposed to the proposed transaction, all actions and decisions of the flag carrier must have the consent of PAL’s creditors since it is under receivership.


                    [DatePublished] => 2006-09-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                )

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                (
                    [ArticleID] => 353622
                    [Title] => PAL gains backdoor listing in stock mart
                    [Summary] => Baguio Gold Holdings Corp.’s board of directors has approved the acquisition of a combined 81.57-percent interest in Philippine Airlines (PAL) from six companies, virtually resulting in the backdoor listing of the flag carrier on the local bourse.


Both Baguio Gold and PAL, the nation’s biggest airline, are controlled by beer, tobacco and banking magnate Lucio Tan.


                    [DatePublished] => 2006-08-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 269668
                    [Title] => Tanduay profit jumps 88% to P660M
                    [Summary] => Tanduay Holdings Inc., the hard liquor concern of tobacco and beer magnate Lucio Tan, said its net profit jumped 88 percent to P660 million last year on higher sales. 


In a disclosure to the Philippine Stock Exchange, Tanduay said net sales rose 22 percent to P6.76 billion, largely a result of higher sales volume and the increase in selling prices by 13 percent.  Sales volume increased by nine percent.


                    [DatePublished] => 2005-03-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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abtest

SEC okays Baguio Gold capital hike

By Zinnia B. Dela Peña | January 24, 2007 - 12:00am

The Securities and Exchange Commission (SEC) has approved the increase in the capital stock of Baguio Gold Holdings Corp., a listed holding firm owned by taipan Lucio Tan, from only P400 million to P20...

Business

PAL receiver approves Baguio Gold debt swap

By Zinnia B. Dela Peña | December 20, 2006 - 12:00am

The rehabilitation receiver of Philippine Airlines (PAL) has posed no objection to company’s proposed acquisition by listed firm Baguio Gold Holdings Corp., saying the plan does not adversely affect...

Business

Baguio Gold stockholders okay PAL buyout, capital increase

By Zinnia B. Dela Peña | September 20, 2006 - 12:00am

Shareholders of Baguio Gold Holdings Corp. approved yesterday the acquisition of flag carrier Philippine Airlines (PAL) and the proposed increase in the listed holding firm’s capital stock to P20 billion from...

Business

Acquisition of PAL by Baguio Gold needs creditors’ OK

By Zinnia B. Dela Peña | September 11, 2006 - 12:00am

Baguio Gold Holdings Corp.’s acquisition of Philippine Airlines (PAL) would need the approval of the flag carrier’s creditors in order for it to be implemented, according to a top official of the...

Business

PAL gains backdoor listing in stock mart

By Zinnia B. Dela Peña | August 19, 2006 - 12:00am

Baguio Gold Holdings Corp.’s board of directors has approved the acquisition of a combined 81.57-percent interest in Philippine Airlines (PAL) from six companies, virtually resulting in the backdoor listing...

Business

Tanduay profit jumps 88% to P660M

By Zinnia B. Dela Peña | March 9, 2005 - 12:00am

Tanduay Holdings Inc., the hard liquor concern of tobacco and beer magnate Lucio Tan, said its net profit jumped 88 percent to P660 million last year on higher sales. In a disclosure to the Philippine Stock Exchange,...

Business