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                    [ArticleID] => 247835
                    [Title] => SEC to scrutinize NSC lease-purchase agreement
                    [Summary] => The lease-purchase agreement signed by creditors of National Steel Corp. (NSC) and winning bidder Global Infrastructure Holdings Ltd. (GIHL) has yet to be approved by  the Securities and Exchange Commission (SEC).


SEC chairperson Lilia R. Bautista said while they are not opposed to the planned lease of the debt-strapped steel firm to GIHL, the terms of the agreement have yet to be scrutinized by the commission. 


The agreement calls for the lease of the NSC plant in Iligan,  with an option to purchase it in three years’ time.


                    [DatePublished] => 2004-04-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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DANAHARTA NASIONAL BERHAD

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                    [ArticleID] => 247835
                    [Title] => SEC to scrutinize NSC lease-purchase agreement
                    [Summary] => The lease-purchase agreement signed by creditors of National Steel Corp. (NSC) and winning bidder Global Infrastructure Holdings Ltd. (GIHL) has yet to be approved by  the Securities and Exchange Commission (SEC).


SEC chairperson Lilia R. Bautista said while they are not opposed to the planned lease of the debt-strapped steel firm to GIHL, the terms of the agreement have yet to be scrutinized by the commission. 


The agreement calls for the lease of the NSC plant in Iligan,  with an option to purchase it in three years’ time.


                    [DatePublished] => 2004-04-27 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 to scrutinize NSC lease-purchase agreement

By Zinnia B. Dela Peña | April 27, 2004 - 12:00am

The lease-purchase agreement signed by creditors of National Steel Corp. (NSC) and winning bidder Global Infrastructure Holdings Ltd. (GIHL) has yet to be approved by the Securities and Exchange Commission (SEC). SEC...

Business