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                    [ArticleID] => 231186
                    [Title] => Court supervises Primetown rehab program
                    [Summary] => Primetown Property Group Inc. has been placed under rehabilitation receivership by the Makati Regional Trial Court, the company said in a disclosure to securities regulators yesterday.


In an order, the Makati RTC has referred Primetown’s rehabilitation plan to Jose Absalom Jocom Jr., the firm’s duly appointed receiver, for study, evaluation and recommendation within 90 days from receipt of order.  


                    [DatePublished] => 2003-12-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 227974
                    [Title] => Primetown pays P28.7-M debt with Metrobank
                    [Summary] => Primetown Property Group Inc. has signed a memorandum of agreement with Metropolitan Bank & Trust Co. Inc. for the exchange of P28.7-million worth of real estate properties and receivables for  sold inventories previously foreclosed by the bank, the company told the Securities and Exchange Commission.


Primetown said this has resulted in the closure of a long-pending P22.9-million debt overhang booked under accounts payable and accrued expenses. The transaction also resulted in a net loss of P5.7 million.


                    [DatePublished] => 2003-11-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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ASIATRUST BANKING CORP

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                    [ArticleID] => 231186
                    [Title] => Court supervises Primetown rehab program
                    [Summary] => Primetown Property Group Inc. has been placed under rehabilitation receivership by the Makati Regional Trial Court, the company said in a disclosure to securities regulators yesterday.


In an order, the Makati RTC has referred Primetown’s rehabilitation plan to Jose Absalom Jocom Jr., the firm’s duly appointed receiver, for study, evaluation and recommendation within 90 days from receipt of order.  


                    [DatePublished] => 2003-12-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                    [SectionUrl] => business
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                )

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                (
                    [ArticleID] => 227974
                    [Title] => Primetown pays P28.7-M debt with Metrobank
                    [Summary] => Primetown Property Group Inc. has signed a memorandum of agreement with Metropolitan Bank & Trust Co. Inc. for the exchange of P28.7-million worth of real estate properties and receivables for  sold inventories previously foreclosed by the bank, the company told the Securities and Exchange Commission.


Primetown said this has resulted in the closure of a long-pending P22.9-million debt overhang booked under accounts payable and accrued expenses. The transaction also resulted in a net loss of P5.7 million.


                    [DatePublished] => 2003-11-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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abtest

Court supervises Primetown rehab program

By Zinnia B. Dela Peña | December 11, 2003 - 12:00am

Primetown Property Group Inc. has been placed under rehabilitation receivership by the Makati Regional Trial Court, the company said in a disclosure to securities regulators yesterday. In an order, the Makati RTC...

Business

Primetown pays P28.7-M debt with Metrobank

By Zinnia B. Dela Peña | November 15, 2003 - 12:00am

Primetown Property Group Inc. has signed a memorandum of agreement with Metropolitan Bank & Trust Co. Inc. for the exchange of P28.7-million worth of real estate properties and receivables for sold inventories...

Business