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                    [ArticleID] => 214066
                    [Title] => Uniwide settles debt with BPI through dacion en pago
                    [Summary] => The Uniwide Group of Companies has signed a deal with the Bank of the Philippine Islands that will allow it to settle its debts via dacion en pago or payment-in-kind scheme.


Uniwide said the move is in line with the approved second amended rehabilitation plan filed with the Securities and Exchange Commission.


Under the agreement, Uniwide will  transfer its properties in Avenida, Manila and Libis, Quezon City to BPI in exchange for the full settlement of its debt.


                    [DatePublished] => 2003-07-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [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.


                    [DatePublished] => 2002-11-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [2] => Array
                (
                    [ArticleID] => 159862
                    [Title] => SEC clears P1-B dacion  deal for Uniwide
                    [Summary] => The Securities and Exchange Commission (SEC) has given the go-signal for a combination of sale and dacion en pago arrangement involving about P1.046 billion in assets of the debt-laden Uniwide Group.


In an order, the commission en banc approved a dacion en pago deal with the Land Bank of the Philippines consisting of 12 properties with a total dacion value of P634.9 million.


                    [DatePublished] => 2002-05-06 00:00:00
                    [ColumnID] => 133272
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                    [SectionName] => Business
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                (
                    [ArticleID] => 142385
                    [Title] => SEC expected to approve new Uniwide rehab plan
                    [Summary] => The Securities and Exchange Commission (SEC) is likely to approve the amended rehabilitation plan of the Uniwide Group of Companies as most of the creditor-banks have reportedly agreed to a dacion en pago settlement of nearly P13 billion in debts.


SEC Chairman Lilia Bautista said the Commission will decide on Uniwide’s rehabilitation plan submitted by its receiver team led by former SEC Associate Commissioner Monico Jacob last October.


                    [DatePublished] => 2001-12-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 136699
                    [Title] => Uniwide proposes dacion worth P13B under revised rehab plan
                    [Summary] => Under threat of liquidation by the Securities and Exchange Commission (SEC), the debt-burdened Uniwide Group of Companies has proposed a dacion en pago settlement of properties worth nearly P13 billion to its secured bank creditors.


                    [DatePublished] => 2001-10-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
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CUBAO AND ILOILO

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                    [ArticleID] => 214066
                    [Title] => Uniwide settles debt with BPI through dacion en pago
                    [Summary] => The Uniwide Group of Companies has signed a deal with the Bank of the Philippine Islands that will allow it to settle its debts via dacion en pago or payment-in-kind scheme.


Uniwide said the move is in line with the approved second amended rehabilitation plan filed with the Securities and Exchange Commission.


Under the agreement, Uniwide will  transfer its properties in Avenida, Manila and Libis, Quezon City to BPI in exchange for the full settlement of its debt.


                    [DatePublished] => 2003-07-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [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.


                    [DatePublished] => 2002-11-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                )

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                (
                    [ArticleID] => 159862
                    [Title] => SEC clears P1-B dacion  deal for Uniwide
                    [Summary] => The Securities and Exchange Commission (SEC) has given the go-signal for a combination of sale and dacion en pago arrangement involving about P1.046 billion in assets of the debt-laden Uniwide Group.


In an order, the commission en banc approved a dacion en pago deal with the Land Bank of the Philippines consisting of 12 properties with a total dacion value of P634.9 million.


                    [DatePublished] => 2002-05-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 142385
                    [Title] => SEC expected to approve new Uniwide rehab plan
                    [Summary] => The Securities and Exchange Commission (SEC) is likely to approve the amended rehabilitation plan of the Uniwide Group of Companies as most of the creditor-banks have reportedly agreed to a dacion en pago settlement of nearly P13 billion in debts.


SEC Chairman Lilia Bautista said the Commission will decide on Uniwide’s rehabilitation plan submitted by its receiver team led by former SEC Associate Commissioner Monico Jacob last October.


                    [DatePublished] => 2001-12-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
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                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 136699
                    [Title] => Uniwide proposes dacion worth P13B under revised rehab plan
                    [Summary] => Under threat of liquidation by the Securities and Exchange Commission (SEC), the debt-burdened Uniwide Group of Companies has proposed a dacion en pago settlement of properties worth nearly P13 billion to its secured bank creditors.


                    [DatePublished] => 2001-10-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Uniwide settles debt with BPI through dacion en pago

By Zinnia B. Dela Peña | July 18, 2003 - 12:00am

The Uniwide Group of Companies has signed a deal with the Bank of the Philippine Islands that will allow it to settle its debts via dacion en pago or payment-in-kind scheme. Uniwide said the move is in line with...

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

SEC clears P1-B dacion deal for Uniwide

May 6, 2002 - 12:00am

The Securities and Exchange Commission (SEC) has given the go-signal for a combination of sale and dacion en pago arrangement involving about P1.046 billion in assets of the debt-laden Uniwide Group. In an order,...

Business

SEC expected to approve new Uniwide rehab plan

By Christina Mendez | December 4, 2001 - 12:00am

The Securities and Exchange Commission (SEC) is likely to approve the amended rehabilitation plan of the Uniwide Group of Companies as most of the creditor-banks have reportedly agreed to a dacion en pago settlement...

Business

Uniwide proposes dacion worth P13B under revised rehab plan

By Christina Mendez | October 15, 2001 - 12:00am

Under threat of liquidation by the Securities and Exchange Commission (SEC), the debt-burdened Uniwide Group of Companies has proposed a dacion en pago settlement of properties worth nearly P13 billion to its secured...

Business