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                    [ArticleID] => 171489
                    [Title] => WG&A seeks P1-B loan to buy two ships
                    [Summary] => Listed shipping firm WG&A will borrow P1 billion from a consortium of banks to finance the acquisition of two new vessels to further improve its services to the commuting public.


In a disclosure to the Securities and Exchange Commission, WG&A chief financial officer Susan Valdez said the board authorized the corporation to secure a P1-billion loan from a syndicate of banks, headed by Citibank N.A.with the two new vessels to be acquired as collateral.


The board approved the purchase from Meimon Taiyo Co. Ltd. of Japan of two vessels for $16 million.


                    [DatePublished] => 2002-08-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
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CHIONGBIAN AND GOTHONG GROUP

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                    [ArticleID] => 171489
                    [Title] => WG&A seeks P1-B loan to buy two ships
                    [Summary] => Listed shipping firm WG&A will borrow P1 billion from a consortium of banks to finance the acquisition of two new vessels to further improve its services to the commuting public.


In a disclosure to the Securities and Exchange Commission, WG&A chief financial officer Susan Valdez said the board authorized the corporation to secure a P1-billion loan from a syndicate of banks, headed by Citibank N.A.with the two new vessels to be acquired as collateral.


The board approved the purchase from Meimon Taiyo Co. Ltd. of Japan of two vessels for $16 million.


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                    [ColumnID] => 133272
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                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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abtest

WG&A seeks P1-B loan to buy two ships

By Zinnia B. Dela Peña | August 10, 2002 - 12:00am

Listed shipping firm WG&A will borrow P1 billion from a consortium of banks to finance the acquisition of two new vessels to further improve its services to the commuting public. In a disclosure to the Securities...

Business