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                    [ArticleID] => 22302
                    [Title] => SEC okays PAL Holdings’ restructuring
                    [Summary] => 
            
                    [DatePublished] => 2007-10-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 15761
                    [Title] => PAL undertakes quasi-reorg
                    [Summary] => 
            
The Philippine Airlines (PAL) Board has decided to do a quasi-reorganization to help PAL wipe out its deficit and effect a 20 percent decrease in capital.
                    [DatePublished] => 2007-08-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                    [ArticleID] => 381460
                    [Title] => SEC okays Baguio Gold capital hike
                    [Summary] => 




The Securities and Exchange Commission (SEC) has approved the increase in the capital stock of Baguio Gold Holdings Corp., a listed holding firm owned by taipan Lucio Tan, from only P400 million to P20 billion.  


The capital hike is intended to cover the shares to be issued by Baguio Gold to TrustMark Holdings Inc. as part of a plan to acquire a majority stake in flag carrier Philippine Airlines (PAL), which is also owned by Tan.


The SEC also approved the change of Baguio Gold’s name to PAL Holdings Inc.  


                    [DatePublished] => 2007-01-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
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                    [ArticleID] => 364828
                    [Title] => DBP receives offer for 2% stake in PAL
                    [Summary] => 



The Development Bank of the Philippines (DBP) said it has received an offer to sell its two percent holding in  flag carrier Philippine Airlines (PAL).  


In a press conference, DBP president and chief executive officer Reynaldo G. David said they received an offer to dispose the shares "at any time at a certain price."


The offer, he said, was made even before Baguio Gold Holdings Corp. publicly announced it will buy out the holdings of the six firms controlling PAL. 


                    [DatePublished] => 2006-10-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1480108
                    [AuthorName] => Ma. Elisa Osorio 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
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                    [ArticleID] => 357527
                    [Title] => Acquisition of PAL by Baguio Gold needs creditors’ OK
                    [Summary] => 



Baguio Gold Holdings Corp.’s acquisition of Philippine Airlines (PAL) would need the approval of the flag carrier’s creditors in order for it to be implemented, according to a top official of the Securities and Exchange Commission (SEC).


SEC chairman Fe Barin said while the commission is not opposed to the proposed transaction, all actions and decisions of the flag carrier must have the consent of PAL’s creditors since it is under receivership.


                    [DatePublished] => 2006-09-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 356311
                    [Title] => Baguio Gold takeover of PAL to cost P136M
                    [Summary] => Baguio Gold Holdings Corp. said it will pay P136 million for the acquisition of an 81.57 percent interest in flag carrier Philippine Airlines.


In a disclosure to the Philippine Stock Exchange, Baguio Gold said it is acquiring the shareholdings of Pol Holdings Inc., Cube Factor Holdings Inc., Ascot Holdings Inc, Sierra Holdings and Equities Inc., Network Holdings & Equities Inc. and Maxell Holdings Corp. in PAL.


                    [DatePublished] => 2006-09-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 353622
                    [Title] => PAL gains backdoor listing in stock mart
                    [Summary] => Baguio Gold Holdings Corp.’s board of directors has approved the acquisition of a combined 81.57-percent interest in Philippine Airlines (PAL) from six companies, virtually resulting in the backdoor listing of the flag carrier on the local bourse.


Both Baguio Gold and PAL, the nation’s biggest airline, are controlled by beer, tobacco and banking magnate Lucio Tan.


                    [DatePublished] => 2006-08-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

CUBE FACTOR HOLDINGS INC

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                    [ArticleID] => 22302
                    [Title] => SEC okays PAL Holdings’ restructuring
                    [Summary] => 
            
                    [DatePublished] => 2007-10-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                    [ArticleID] => 15761
                    [Title] => PAL undertakes quasi-reorg
                    [Summary] => 
            
The Philippine Airlines (PAL) Board has decided to do a quasi-reorganization to help PAL wipe out its deficit and effect a 20 percent decrease in capital.
                    [DatePublished] => 2007-08-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
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                    [URL] => 
                )

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                    [ArticleID] => 381460
                    [Title] => SEC okays Baguio Gold capital hike
                    [Summary] => 




The Securities and Exchange Commission (SEC) has approved the increase in the capital stock of Baguio Gold Holdings Corp., a listed holding firm owned by taipan Lucio Tan, from only P400 million to P20 billion.  


The capital hike is intended to cover the shares to be issued by Baguio Gold to TrustMark Holdings Inc. as part of a plan to acquire a majority stake in flag carrier Philippine Airlines (PAL), which is also owned by Tan.


The SEC also approved the change of Baguio Gold’s name to PAL Holdings Inc.  


                    [DatePublished] => 2007-01-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                    [ArticleID] => 364828
                    [Title] => DBP receives offer for 2% stake in PAL
                    [Summary] => 



The Development Bank of the Philippines (DBP) said it has received an offer to sell its two percent holding in  flag carrier Philippine Airlines (PAL).  


In a press conference, DBP president and chief executive officer Reynaldo G. David said they received an offer to dispose the shares "at any time at a certain price."


The offer, he said, was made even before Baguio Gold Holdings Corp. publicly announced it will buy out the holdings of the six firms controlling PAL. 


                    [DatePublished] => 2006-10-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1480108
                    [AuthorName] => Ma. Elisa Osorio 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
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                    [ArticleID] => 357527
                    [Title] => Acquisition of PAL by Baguio Gold needs creditors’ OK
                    [Summary] => 



Baguio Gold Holdings Corp.’s acquisition of Philippine Airlines (PAL) would need the approval of the flag carrier’s creditors in order for it to be implemented, according to a top official of the Securities and Exchange Commission (SEC).


SEC chairman Fe Barin said while the commission is not opposed to the proposed transaction, all actions and decisions of the flag carrier must have the consent of PAL’s creditors since it is under receivership.


                    [DatePublished] => 2006-09-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] => Zinnia B. Dela Peña
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                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 356311
                    [Title] => Baguio Gold takeover of PAL to cost P136M
                    [Summary] => Baguio Gold Holdings Corp. said it will pay P136 million for the acquisition of an 81.57 percent interest in flag carrier Philippine Airlines.


In a disclosure to the Philippine Stock Exchange, Baguio Gold said it is acquiring the shareholdings of Pol Holdings Inc., Cube Factor Holdings Inc., Ascot Holdings Inc, Sierra Holdings and Equities Inc., Network Holdings & Equities Inc. and Maxell Holdings Corp. in PAL.


                    [DatePublished] => 2006-09-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 353622
                    [Title] => PAL gains backdoor listing in stock mart
                    [Summary] => Baguio Gold Holdings Corp.’s board of directors has approved the acquisition of a combined 81.57-percent interest in Philippine Airlines (PAL) from six companies, virtually resulting in the backdoor listing of the flag carrier on the local bourse.


Both Baguio Gold and PAL, the nation’s biggest airline, are controlled by beer, tobacco and banking magnate Lucio Tan.


                    [DatePublished] => 2006-08-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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)

abtest

SEC okays PAL Holdings’ restructuring

By Zinnia B. Dela Peña | October 20, 2007 - 12:00am

Business

PAL undertakes quasi-reorg

By Marianne V. Go | August 27, 2007 - 12:00am

The Philippine Airlines (PAL) Board has decided to do a quasi-reorganization to help PAL wipe out its deficit and effect a 20 percent decrease in capital.

Business

SEC okays Baguio Gold capital hike

By Zinnia B. Dela Peña | January 24, 2007 - 12:00am

The Securities and Exchange Commission (SEC) has approved the increase in the capital stock of Baguio Gold Holdings Corp., a listed holding firm owned by taipan Lucio Tan, from only P400 million to P20...

Business

DBP receives offer for 2% stake in PAL

By Ma. Elisa Osorio  | October 24, 2006 - 12:00am

The Development Bank of the Philippines (DBP) said it has received an offer to sell its two percent holding in flag carrier Philippine Airlines (PAL). In a press conference, DBP president and chief executive...

Business

Acquisition of PAL by Baguio Gold needs creditors’ OK

By Zinnia B. Dela Peña | September 11, 2006 - 12:00am

Baguio Gold Holdings Corp.’s acquisition of Philippine Airlines (PAL) would need the approval of the flag carrier’s creditors in order for it to be implemented, according to a top official of the...

Business

Baguio Gold takeover of PAL to cost P136M

By Zinnia B. Dela Peña | September 4, 2006 - 12:00am

Baguio Gold Holdings Corp. said it will pay P136 million for the acquisition of an 81.57 percent interest in flag carrier Philippine Airlines. In a disclosure to the Philippine Stock Exchange, Baguio Gold said it...

Business

PAL gains backdoor listing in stock mart

By Zinnia B. Dela Peña | August 19, 2006 - 12:00am

Baguio Gold Holdings Corp.’s board of directors has approved the acquisition of a combined 81.57-percent interest in Philippine Airlines (PAL) from six companies, virtually resulting in the backdoor listing...

Business