FARMIX FERTILIZER CORP

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                    [ArticleID] => 237563
                    [Title] => S’pore’s UOBL ordered to pay minority stockholders
                    [Summary] => The Manila Regional Trial Court has ordered the Singapore-based United Overseas Bank Ltd. (UOBL) to pay P135.6 million in damages to a group of minority stockholders led by the Farmix group.


In his order, RTC judge Artemio Tipon said the minority group should be awarded its proportionate share in the proceeds of the sale of Westmont Bank to UOBL, including interest.


UOBL acquired a 60 percent controlling stake in Westmont Bank, owned by the group of former Finance Secretary Edgardo Espiritu, in 1999 through a leveraged buy-out.


                    [DatePublished] => 2004-02-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
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            [1] => Array
                (
                    [ArticleID] => 220728
                    [Title] => Court bars BSP, SEC actions on UOBP
                    [Summary] => A local court has barred government regulators Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC) from acting on all corporate transactions of the United Overseas Bank of the Philippines (UOBP).


Judge Artemio Tipon of the Manila Regional Trial Court Branch 46 issued a writ of preliminary injunction restraining BSP Governor Rafael B. Buenaventura and SEC Chairperson      Lilia Bautista from approving the application for increase of the authorized capital stock of UOBP, the local unit of the Singaporean bank.


                    [DatePublished] => 2003-09-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [2] => Array
                (
                    [ArticleID] => 210707
                    [Title] => Minority owners seek injunction vs UOBP
                    [Summary] => The Farmix group, a minority bloc at the United Overseas Bank of the Philippines (UOBP), has filed a petition for a court injunction seeking to restrain the present board from holding office.


                    [DatePublished] => 2003-06-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
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            [3] => Array
                (
                    [ArticleID] => 187202
                    [Title] => Row among UOBP owners deepens
                    [Summary] => The dispute between two factions of former owners of the United Overseas Bank of the Philippines (UOBP) turned from bad to worse amid charges of alleged opportunism by the minority shareholders.


Lawyer Francis Lim, senior partner of the ACCRA Law and legal counsel for the controlling Espiritu-Tan Caktiong Group, accused the Farmix Group of illegally increasing their 7.66-percent stake in UOBP, formerly known as Westmont Bank, to 10.36 percent.


                    [DatePublished] => 2002-12-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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                    [SectionName] => Business
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abtest

S’pore’s UOBL ordered to pay minority stockholders

February 4, 2004 - 12:00am

The Manila Regional Trial Court has ordered the Singapore-based United Overseas Bank Ltd. (UOBL) to pay P135.6 million in damages to a group of minority stockholders led by the Farmix group. In his order, RTC judge...

Business

Court bars BSP, SEC actions on UOBP

By Des Ferriols | September 17, 2003 - 12:00am

A local court has barred government regulators Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC) from acting on all corporate transactions of the United Overseas Bank of the Philippines...

Business

Minority owners seek injunction vs UOBP

By Ted P. Torres | June 19, 2003 - 12:00am

The Farmix group, a minority bloc at the United Overseas Bank of the Philippines (UOBP), has filed a petition for a court injunction seeking to restrain the present board from holding office.

Business

Row among UOBP owners deepens

December 9, 2002 - 12:00am

The dispute between two factions of former owners of the United Overseas Bank of the Philippines (UOBP) turned from bad to worse amid charges of alleged opportunism by the minority shareholders. Lawyer Francis Lim,...

Business