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                    [ArticleID] => 242650
                    [Title] => Uniwide plans P1-B convertible notes as part of rehab program
                    [Summary] => The Uniwide Group of Companies plans to issue P1- billion worth of convertible notes to its unsecured creditors in line with its rehabilitation program, aimed at further reducing its debts to more manageable levels and regaining its status as one of the country’s largest discount retail firms.


Under the plan, Uniwide will settle P2.59 billion in obligations to unsecured creditors through the conversion of 50 percent of the unsecured debt into 15-year convertible notes that are redeemable anytime at the option of the firm.  


                    [DatePublished] => 2004-03-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 183803
                    [Title] => Uniwide cuts losses by 18% in 1st 9 months
                    [Summary] => Cash-strapped warehouse club operator Uniwide Holdings Inc. said its net loss dropped by 18.14 percent during the first nine months of the year to P239.75 million, thanks to effective cost-cutting and cash-saving measures implemented by the company to stay afloat in the highly-competitive retail industry.


Based on a quarterly report filed with the Securities and Exchange Commission (SEC), Uniwide attributed the improvement in its financial performance to lower expenses.


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                    [AuthorName] => Zinnia B. Dela Peña
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AVENIDA DEPARTMENT STORE

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                    [ArticleID] => 242650
                    [Title] => Uniwide plans P1-B convertible notes as part of rehab program
                    [Summary] => The Uniwide Group of Companies plans to issue P1- billion worth of convertible notes to its unsecured creditors in line with its rehabilitation program, aimed at further reducing its debts to more manageable levels and regaining its status as one of the country’s largest discount retail firms.


Under the plan, Uniwide will settle P2.59 billion in obligations to unsecured creditors through the conversion of 50 percent of the unsecured debt into 15-year convertible notes that are redeemable anytime at the option of the firm.  


                    [DatePublished] => 2004-03-15 00:00:00
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                    [AuthorName] => Zinnia B. Dela Peña
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                    [ArticleID] => 183803
                    [Title] => Uniwide cuts losses by 18% in 1st 9 months
                    [Summary] => Cash-strapped warehouse club operator Uniwide Holdings Inc. said its net loss dropped by 18.14 percent during the first nine months of the year to P239.75 million, thanks to effective cost-cutting and cash-saving measures implemented by the company to stay afloat in the highly-competitive retail industry.


Based on a quarterly report filed with the Securities and Exchange Commission (SEC), Uniwide attributed the improvement in its financial performance to lower expenses.


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abtest

Uniwide plans P1-B convertible notes as part of rehab program

By Zinnia B. Dela Peña | March 15, 2004 - 12:00am

The Uniwide Group of Companies plans to issue P1- billion worth of convertible notes to its unsecured creditors in line with its rehabilitation program, aimed at further reducing its debts to more manageable levels...

Business

Uniwide cuts losses by 18% in 1st 9 months

By Zinnia B. Dela Peña | November 13, 2002 - 12:00am

Cash-strapped warehouse club operator Uniwide Holdings Inc. said its net loss dropped by 18.14 percent during the first nine months of the year to P239.75 million, thanks to effective cost-cutting and cash-saving...

Business