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                    [ArticleID] => 97059
                    [Title] => ASB presses SEC for okay of rehab plan
                    [Summary] => The debt-saddled ASB Group has asked the Securities and Exchange Commission to give the go-signal for the property firm’s rehabilitation plan ahead of the Feb. 28 debt suspension deadline and avoid the foreclosure of its assets by its bank creditors.


SEC director Eugenio Reyes said ASB’s request was premised on the entry of a "white knight" – the Hong Kong-based Chevalier International Holdings Ltd. – which has agreed in principle to infuse capital into the company to jumpstart its rehabilitation.


                    [DatePublished] => 2001-02-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
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EQUITABLE BANK AND RIZAL COMMERCIAL BANKING CORP

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                    [ArticleID] => 97059
                    [Title] => ASB presses SEC for okay of rehab plan
                    [Summary] => The debt-saddled ASB Group has asked the Securities and Exchange Commission to give the go-signal for the property firm’s rehabilitation plan ahead of the Feb. 28 debt suspension deadline and avoid the foreclosure of its assets by its bank creditors.


SEC director Eugenio Reyes said ASB’s request was premised on the entry of a "white knight" – the Hong Kong-based Chevalier International Holdings Ltd. – which has agreed in principle to infuse capital into the company to jumpstart its rehabilitation.


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abtest

ASB presses SEC for okay of rehab plan

By Christina Mendez | February 18, 2001 - 12:00am

The debt-saddled ASB Group has asked the Securities and Exchange Commission to give the go-signal for the property firm’s rehabilitation plan ahead of the Feb....

Business