^
+ Follow FIRST PARAGON CORP Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 958154
                    [Title] => Uniwide cries foul over liquidation order
                    [Summary] => 

The listed unit of the Uniwide Group of Companies is crying foul over the corporate regulator’s plan to liquidate the former retail giant.

[DatePublished] => 2013-06-26 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1538806 [AuthorName] => Neil Jerome C. Morales [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 956665 [Title] => SEC orders liquidation of Uniwide assets [Summary] =>

The Securities and Exchange Commission (SEC) has ordered the liquidation of all assets of cash-strapped Uniwide Group of Companies, ending the decade-long saga for the former retail giant.

[DatePublished] => 2013-06-22 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1539221 [AuthorName] => Neil Jerome Morales [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 273948 [Title] => Uniwide in buyout talks with several groups [Summary] => Debt-laden retailer Uniwide Holdings Inc. confirmed yesterday it is in talks with several investors for a possible buyout deal.

In a disclosure to the Philippine Stock Exchange, Uniwide said: "We confirm that we have received feelers from a number of investors for Uniwide. However, in view of confidentiality concerns of these investors, we could not disclose the identity of these interested parties."
[DatePublished] => 2005-04-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 265571 [Title] => Uniwide Group cuts debt by half [Summary] => The Uniwide Group of Companies has settled nearly half of its P10.45 billion debts to banks and other financial institutions, suppliers, contractors and tenants, a company official told the Philippine Stock Exchange.

Based on documents submitted to the PSE, the Uniwide Group has settled P4.62 billion of its debts by way of dacion en pago or payment-in-kind, reducing total debt to only P5.82 billion.
[DatePublished] => 2004-10-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 257706 [Title] => SEC okays P1.3-B convertible notes issue of Uniwide [Summary] => The Securities and Exchange Commission (SEC) has approved the Uniwide Group’s plan to issue about P1.3-billion worth of convertible notes to its unsecured creditors in line with its amended rehabilitation plan.

The bond issuance is aimed a further reducing Uniwide’s debt to more manageable levels and regaining the firm’s status as one of the country’s largest discount retail firms.
[DatePublished] => 2004-07-16 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 96157 [Title] => Uniwide Group incurs P61-M loss in first quarter [Summary] => The Uniwide Group of Companies incurred a net loss of P61.077 million in the first three months of 2001, hardly an improvement from a net loss of P62.169 million in the same period a year ago.

Based on financial records filed at the Securities and Exchange Commission, Uniwide Holdings Inc. and its subsidiaries generated an operating income of P92.704 million during the period in review, less than the P99.414 million income from operations a year earlier.
[DatePublished] => 2001-05-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 99311 [Title] => Uniwide Group incurs P61-M loss in first quarter [Summary] => The Uniwide Group of Companies incurred a net loss of P61.077 million in the first three months of 2001, hardly an improvement from a net loss of P62.169 million in the same period a year ago.

Based on financial records filed at the Securities and Exchange Commission, Uniwide Holdings Inc. and its subsidiaries generated an operating income of P92.704 million during the period in review, less than the P99.414 million income from operations a year earlier.
[DatePublished] => 2001-05-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 98563 [Title] => SEC rejects Uniwide offer to settle back taxes using escrow fund [Summary] => The entry of French retailer Casino Guichard-Perrachon into the Uniwide group may take longer than expected.

This possibility loomed after the Securities and Exchange Commission (SEC) turned down the request of Uniwide’s receivers to "borrow" P80 million in escrow fund from the proceeds of the sale of the assets of First Paragon Corp. (FPC), a Uniwide subsidiary, to pay for the parent company’s back taxes.
[DatePublished] => 2000-10-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096615 [AuthorName] => Christina Mendez [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 100346 [Title] => Uniwide losses balloon to P2.665 B in 1999 [Summary] =>

The cash-strapped Uniwide Group of Companies continued its losing streak, incurring a bigger net loss of P2.665 billion in 1999 compared to P667.2 million in the previous year.

In a disclosure to the Securities and Exchange Commission (SEC), Uniwide said its operations and finances deteriorated further last year because of the substantial interest payments to its creditors to which it owes an aggregate of about P13 billion.

Uniwide also attributed its bigger net loss to poor sales of its commercial and residential lots and leasehold rights on commercial spaces as buyers and [DatePublished] => 2000-03-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 101355 [Title] => Equitable bucks sale of Uniwide subsidiary [Summary] =>

Equitable PCI Bank, one of the creditors of Uniwide Sales Inc. (USI) is opposing the sale of its retail subsidiary, First Paragon Corp. [DatePublished] => 2000-01-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) ) )

FIRST PARAGON CORP
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 958154
                    [Title] => Uniwide cries foul over liquidation order
                    [Summary] => 

The listed unit of the Uniwide Group of Companies is crying foul over the corporate regulator’s plan to liquidate the former retail giant.

[DatePublished] => 2013-06-26 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1538806 [AuthorName] => Neil Jerome C. Morales [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 956665 [Title] => SEC orders liquidation of Uniwide assets [Summary] =>

The Securities and Exchange Commission (SEC) has ordered the liquidation of all assets of cash-strapped Uniwide Group of Companies, ending the decade-long saga for the former retail giant.

[DatePublished] => 2013-06-22 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1539221 [AuthorName] => Neil Jerome Morales [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 273948 [Title] => Uniwide in buyout talks with several groups [Summary] => Debt-laden retailer Uniwide Holdings Inc. confirmed yesterday it is in talks with several investors for a possible buyout deal.

In a disclosure to the Philippine Stock Exchange, Uniwide said: "We confirm that we have received feelers from a number of investors for Uniwide. However, in view of confidentiality concerns of these investors, we could not disclose the identity of these interested parties."
[DatePublished] => 2005-04-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 265571 [Title] => Uniwide Group cuts debt by half [Summary] => The Uniwide Group of Companies has settled nearly half of its P10.45 billion debts to banks and other financial institutions, suppliers, contractors and tenants, a company official told the Philippine Stock Exchange.

Based on documents submitted to the PSE, the Uniwide Group has settled P4.62 billion of its debts by way of dacion en pago or payment-in-kind, reducing total debt to only P5.82 billion.
[DatePublished] => 2004-10-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 257706 [Title] => SEC okays P1.3-B convertible notes issue of Uniwide [Summary] => The Securities and Exchange Commission (SEC) has approved the Uniwide Group’s plan to issue about P1.3-billion worth of convertible notes to its unsecured creditors in line with its amended rehabilitation plan.

The bond issuance is aimed a further reducing Uniwide’s debt to more manageable levels and regaining the firm’s status as one of the country’s largest discount retail firms.
[DatePublished] => 2004-07-16 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 96157 [Title] => Uniwide Group incurs P61-M loss in first quarter [Summary] => The Uniwide Group of Companies incurred a net loss of P61.077 million in the first three months of 2001, hardly an improvement from a net loss of P62.169 million in the same period a year ago.

Based on financial records filed at the Securities and Exchange Commission, Uniwide Holdings Inc. and its subsidiaries generated an operating income of P92.704 million during the period in review, less than the P99.414 million income from operations a year earlier.
[DatePublished] => 2001-05-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 99311 [Title] => Uniwide Group incurs P61-M loss in first quarter [Summary] => The Uniwide Group of Companies incurred a net loss of P61.077 million in the first three months of 2001, hardly an improvement from a net loss of P62.169 million in the same period a year ago.

Based on financial records filed at the Securities and Exchange Commission, Uniwide Holdings Inc. and its subsidiaries generated an operating income of P92.704 million during the period in review, less than the P99.414 million income from operations a year earlier.
[DatePublished] => 2001-05-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 98563 [Title] => SEC rejects Uniwide offer to settle back taxes using escrow fund [Summary] => The entry of French retailer Casino Guichard-Perrachon into the Uniwide group may take longer than expected.

This possibility loomed after the Securities and Exchange Commission (SEC) turned down the request of Uniwide’s receivers to "borrow" P80 million in escrow fund from the proceeds of the sale of the assets of First Paragon Corp. (FPC), a Uniwide subsidiary, to pay for the parent company’s back taxes.
[DatePublished] => 2000-10-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096615 [AuthorName] => Christina Mendez [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 100346 [Title] => Uniwide losses balloon to P2.665 B in 1999 [Summary] =>

The cash-strapped Uniwide Group of Companies continued its losing streak, incurring a bigger net loss of P2.665 billion in 1999 compared to P667.2 million in the previous year.

In a disclosure to the Securities and Exchange Commission (SEC), Uniwide said its operations and finances deteriorated further last year because of the substantial interest payments to its creditors to which it owes an aggregate of about P13 billion.

Uniwide also attributed its bigger net loss to poor sales of its commercial and residential lots and leasehold rights on commercial spaces as buyers and [DatePublished] => 2000-03-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 101355 [Title] => Equitable bucks sale of Uniwide subsidiary [Summary] =>

Equitable PCI Bank, one of the creditors of Uniwide Sales Inc. (USI) is opposing the sale of its retail subsidiary, First Paragon Corp. [DatePublished] => 2000-01-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) ) )

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