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                    [ArticleID] => 301903
                    [Title] => Metrobank property unit to hike capital to P1B
                    [Summary] => Cathay International Resources Corp., a subsidiary of the Metrobank Group’s property unit, Federal Land Inc., is raising its capital to P1 billion from P10 million to facilitate the entry of Hong Kong-based investors.  


Of the capital increase, P500 million has been subscribed and P249.37 million paid in cash by Federal Land (P149.37 million) and Damson Properties Inc. (P100 million).  


Cathay International shall be 39.8-percent foreign owned after the increase has been approved.  


                    [DatePublished] => 2005-10-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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CATHAY INTERNATIONAL

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                    [ArticleID] => 301903
                    [Title] => Metrobank property unit to hike capital to P1B
                    [Summary] => Cathay International Resources Corp., a subsidiary of the Metrobank Group’s property unit, Federal Land Inc., is raising its capital to P1 billion from P10 million to facilitate the entry of Hong Kong-based investors.  


Of the capital increase, P500 million has been subscribed and P249.37 million paid in cash by Federal Land (P149.37 million) and Damson Properties Inc. (P100 million).  


Cathay International shall be 39.8-percent foreign owned after the increase has been approved.  


                    [DatePublished] => 2005-10-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

Metrobank property unit to hike capital to P1B

By Zinnia B. Dela Peña | October 15, 2005 - 12:00am

Cathay International Resources Corp., a subsidiary of the Metrobank Group’s property unit, Federal Land Inc., is raising its capital to P1 billion from P10 million to facilitate the entry of Hong Kong-based...

Business