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                    [ArticleID] => 98802
                    [Title] => Baguio Gold takes steps to hasten PAL backdoor listing
                    [Summary] => Publicly listed Baguio Gold Holdings Corp. will be issuing about 23 billion worth of new shares to execute its share-swap agreement with majority stockholders of Philippine Airlines and complete the backdoor listing of the flag carrier.


Baguio Gold, the latest acquisition of beer and tobacco magnate Lucio Tan, informed the Philippine Stock Exchange that  it will be buying 100 percent of the outstanding capital stock of eight companies holding a combined 85.09 percent stake in PAL in exchange for additional shares in the listed firm.


                    [DatePublished] => 2000-11-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
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CUBA FACTOR HOLDINGS INC

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                    [ArticleID] => 98802
                    [Title] => Baguio Gold takes steps to hasten PAL backdoor listing
                    [Summary] => Publicly listed Baguio Gold Holdings Corp. will be issuing about 23 billion worth of new shares to execute its share-swap agreement with majority stockholders of Philippine Airlines and complete the backdoor listing of the flag carrier.


Baguio Gold, the latest acquisition of beer and tobacco magnate Lucio Tan, informed the Philippine Stock Exchange that  it will be buying 100 percent of the outstanding capital stock of eight companies holding a combined 85.09 percent stake in PAL in exchange for additional shares in the listed firm.


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abtest

Baguio Gold takes steps to hasten PAL backdoor listing

By Christina Mendez | November 12, 2000 - 12:00am

Publicly listed Baguio Gold Holdings Corp. will be issuing about 23 billion worth of new shares to execute its share-swap agreement with majority stockholders of Philippine Airlines and complete the backdoor listing...

Business