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                    [ArticleID] => 95917
                    [Title] => SEC approves rehabilitation plan of ASB Group
                    [Summary] => The Securities and Exchange Commission has approved the rehabilitation plan of the debt-saddled ASB Group of Companies despite objections  from secured creditors and the absence of Hong Kong "white knight" Chevalier International Holdings Ltd.


In an order dated April 26, the hearing panel led by SEC general counsel Eugenio Reyes said the approval of the plan will not deprive the secured creditors of their right to the mortgaged assets and that if the rehabilitation subsequently fails, the availment of their suspended rights over the assets will be restored.


                    [DatePublished] => 2001-04-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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BANK AND RIZAL BANKING COMMERCIAL BANKING CORP

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                    [ArticleID] => 95917
                    [Title] => SEC approves rehabilitation plan of ASB Group
                    [Summary] => The Securities and Exchange Commission has approved the rehabilitation plan of the debt-saddled ASB Group of Companies despite objections  from secured creditors and the absence of Hong Kong "white knight" Chevalier International Holdings Ltd.


In an order dated April 26, the hearing panel led by SEC general counsel Eugenio Reyes said the approval of the plan will not deprive the secured creditors of their right to the mortgaged assets and that if the rehabilitation subsequently fails, the availment of their suspended rights over the assets will be restored.


                    [DatePublished] => 2001-04-30 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] =>  Christina Mendez
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abtest

SEC approves rehabilitation plan of ASB Group

By Christina Mendez | April 30, 2001 - 12:00am

The Securities and Exchange Commission has approved the rehabilitation plan of the debt-saddled ASB Group of Companies despite objections from secured creditors and the absence of Hong Kong "white knight" Chevalier...

Business