+ Follow FORTUNE CEMENT CORP Tag
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[ArticleID] => 298321
[Title] => SEC approves Fortune Cement’s capital increase
[Summary] => The Securities and Exchange Commission (SEC) has approved Fortune Cement Corp.’s plan to raise its capital stock from P3.03 billion to P4.23 billion to facilitate its merger with Continental Operating Corp.
The new capital base will consist of 4.2 billion common shares and 32 million preferred shares of which P3.78 billion worth of shares have been subscribed and paid.
Fortune is absorbing Continental Operating Corp. to expand market share and enhance operating efficiency.
[DatePublished] => 2005-09-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 281948
[Title] => Fortune Cement merges with Continental Operating Corp
[Summary] => Fortune Cement Corp., a unit of Lafarge SA of France, has approved a proposal to merge with its sister cement firm, Continental Operating Corp., as part of efforts to expand market share and enhance operating efficiency.
In view of this, the Philippine Stock Exchange (PSE) imposed a trading suspension on shares of Fortune Cement pending the release of additional information on the cement manufacturer’s merger with Continental.
Fortune Cement’s stock was last traded on May 5 at P0.62 per share.
[DatePublished] => 2005-06-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 282080
[Title] => Fortune Cement merges with Continental Operating Corp
[Summary] => Fortune Cement Corp., a unit of Lafarge SA of France, has approved a proposal to merge with its sister cement firm, Continental Operating Corp., as part of efforts to expand market share and enhance operating efficiency.
In view of this, the Philippine Stock Exchange (PSE) imposed a trading suspension on shares of Fortune Cement pending the release of additional information on the cement manufacturer’s merger with Continental.
Fortune Cement’s stock was last traded on May 5 at P0.62 per share.
[DatePublished] => 2005-06-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 282212
[Title] => Fortune Cement merges with Continental Operating Corp
[Summary] => Fortune Cement Corp., a unit of Lafarge SA of France, has approved a proposal to merge with its sister cement firm, Continental Operating Corp., as part of efforts to expand market share and enhance operating efficiency.
In view of this, the Philippine Stock Exchange (PSE) imposed a trading suspension on shares of Fortune Cement pending the release of additional information on the cement manufacturer’s merger with Continental.
Fortune Cement’s stock was last traded on May 5 at P0.62 per share.
[DatePublished] => 2005-06-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 272234
[Title] => Stable cement prices seen
[Summary] => Republic Cement Corp. president Juan Miguel Montinola expects cement prices to remain stable for the first half of the year.
According to Montinola, recent favorable developments such as additional production efficiencies and the peso appreciation has helped Republic Cement to absorb the effect of an eight percent inflation rate and not raise prices during the summer months.
However, Montinola warned "the biggest threat to stable cement prices within the next quarter is an increase in power rates."
[DatePublished] => 2005-04-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 262887
[Title] => Republic Cement acquires Lafarge cement unit
[Summary] => The board of Republic Cement Corp. (RCC) has approved the acquisition of Continental Operating Corp., a wholly-owned subsidiary of Lafarge Cement Philippines Inc., for P1.3 billion, making RCC the largest cement group in the country.
In a disclosure to the Philippine Stock Exchange, RCC said it will issue a convertible loan note worth P1.3 billion to Lafarge in exchange for the latter’s shares in Continental.
The notes will carry an interest rate of eight percent per annum and are convertible into 1.35 billion common shares of RCC after five years from issue date.
[DatePublished] => 2004-08-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 252657
[Title] => SEC okays merger of Fortune and Premiere Cement
[Summary] => The Securities and Exchange Commission (SEC) has approved Fortune Cement Corp.’s merger with its wholly-owned subsidiary Premier Cement Corp.
The SEC said the merger will not prejudice the rights of their respective creditors since the two companies are both solvent and in sound financial condition as of Dec. 31, 2003.
[DatePublished] => 2004-06-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 231302
[Title] => Globe’s P2.7-B bond offering gets SEC okay
[Summary] => The Securities and Exchange Commission has approved the P2.7-billion bond offering of Globe Telecom Inc., the cellular unit of Ayala Corp.
The bonds which carry a maturity of three years to five years, will be issued at 100 percent of face value.
Net proceeds from the offering, amounting to P2.67 billion, will be used by Globe to pay off debts maturing in 2004. The company has P58.6 billion worth of long-term debts maturing from 2003 to 2012. Its short-term debt, on the other hand, amounts to P7.4 billion.
[DatePublished] => 2003-12-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 230437
[Title] => Republic Cement ups capital to P8-B
[Summary] => Republic Cement Corp. will raise its authorized capital stock from P5 billion to P8 billion to facilitate the issuance of shares to Southeast Asia Cement Holdings Inc. (Seacem).
In a disclosure to the Philippine Stock Exchange, Republic Cement said Seacem will subscribe to 1.55 billion common shares in
exchange for 19.96 million common shares in FR Cement Corp. and 10 million common shares in Lloyds Richfield Industrial Corp.
[DatePublished] => 2003-12-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 226871
[Title] => Fortune Cement sets P700M for plant upgrade
[Summary] => Fortune Cement Corp. is investing around P700 million for the plant upgrade program beginning this year until next year to improve its plant’s operational efficiency. The amount is on top of the P68-million capital expenditure budget of the company this year.
Of the amount, the company intends to spend around P400 million for capital equipment, while P260 million will cover technical efficiency and P40 million for environmental improvements.
[DatePublished] => 2003-11-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
FORTUNE CEMENT CORP
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 298321
[Title] => SEC approves Fortune Cement’s capital increase
[Summary] => The Securities and Exchange Commission (SEC) has approved Fortune Cement Corp.’s plan to raise its capital stock from P3.03 billion to P4.23 billion to facilitate its merger with Continental Operating Corp.
The new capital base will consist of 4.2 billion common shares and 32 million preferred shares of which P3.78 billion worth of shares have been subscribed and paid.
Fortune is absorbing Continental Operating Corp. to expand market share and enhance operating efficiency.
[DatePublished] => 2005-09-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 281948
[Title] => Fortune Cement merges with Continental Operating Corp
[Summary] => Fortune Cement Corp., a unit of Lafarge SA of France, has approved a proposal to merge with its sister cement firm, Continental Operating Corp., as part of efforts to expand market share and enhance operating efficiency.
In view of this, the Philippine Stock Exchange (PSE) imposed a trading suspension on shares of Fortune Cement pending the release of additional information on the cement manufacturer’s merger with Continental.
Fortune Cement’s stock was last traded on May 5 at P0.62 per share.
[DatePublished] => 2005-06-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 282080
[Title] => Fortune Cement merges with Continental Operating Corp
[Summary] => Fortune Cement Corp., a unit of Lafarge SA of France, has approved a proposal to merge with its sister cement firm, Continental Operating Corp., as part of efforts to expand market share and enhance operating efficiency.
In view of this, the Philippine Stock Exchange (PSE) imposed a trading suspension on shares of Fortune Cement pending the release of additional information on the cement manufacturer’s merger with Continental.
Fortune Cement’s stock was last traded on May 5 at P0.62 per share.
[DatePublished] => 2005-06-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 282212
[Title] => Fortune Cement merges with Continental Operating Corp
[Summary] => Fortune Cement Corp., a unit of Lafarge SA of France, has approved a proposal to merge with its sister cement firm, Continental Operating Corp., as part of efforts to expand market share and enhance operating efficiency.
In view of this, the Philippine Stock Exchange (PSE) imposed a trading suspension on shares of Fortune Cement pending the release of additional information on the cement manufacturer’s merger with Continental.
Fortune Cement’s stock was last traded on May 5 at P0.62 per share.
[DatePublished] => 2005-06-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 272234
[Title] => Stable cement prices seen
[Summary] => Republic Cement Corp. president Juan Miguel Montinola expects cement prices to remain stable for the first half of the year.
According to Montinola, recent favorable developments such as additional production efficiencies and the peso appreciation has helped Republic Cement to absorb the effect of an eight percent inflation rate and not raise prices during the summer months.
However, Montinola warned "the biggest threat to stable cement prices within the next quarter is an increase in power rates."
[DatePublished] => 2005-04-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 262887
[Title] => Republic Cement acquires Lafarge cement unit
[Summary] => The board of Republic Cement Corp. (RCC) has approved the acquisition of Continental Operating Corp., a wholly-owned subsidiary of Lafarge Cement Philippines Inc., for P1.3 billion, making RCC the largest cement group in the country.
In a disclosure to the Philippine Stock Exchange, RCC said it will issue a convertible loan note worth P1.3 billion to Lafarge in exchange for the latter’s shares in Continental.
The notes will carry an interest rate of eight percent per annum and are convertible into 1.35 billion common shares of RCC after five years from issue date.
[DatePublished] => 2004-08-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 252657
[Title] => SEC okays merger of Fortune and Premiere Cement
[Summary] => The Securities and Exchange Commission (SEC) has approved Fortune Cement Corp.’s merger with its wholly-owned subsidiary Premier Cement Corp.
The SEC said the merger will not prejudice the rights of their respective creditors since the two companies are both solvent and in sound financial condition as of Dec. 31, 2003.
[DatePublished] => 2004-06-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 231302
[Title] => Globe’s P2.7-B bond offering gets SEC okay
[Summary] => The Securities and Exchange Commission has approved the P2.7-billion bond offering of Globe Telecom Inc., the cellular unit of Ayala Corp.
The bonds which carry a maturity of three years to five years, will be issued at 100 percent of face value.
Net proceeds from the offering, amounting to P2.67 billion, will be used by Globe to pay off debts maturing in 2004. The company has P58.6 billion worth of long-term debts maturing from 2003 to 2012. Its short-term debt, on the other hand, amounts to P7.4 billion.
[DatePublished] => 2003-12-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 230437
[Title] => Republic Cement ups capital to P8-B
[Summary] => Republic Cement Corp. will raise its authorized capital stock from P5 billion to P8 billion to facilitate the issuance of shares to Southeast Asia Cement Holdings Inc. (Seacem).
In a disclosure to the Philippine Stock Exchange, Republic Cement said Seacem will subscribe to 1.55 billion common shares in
exchange for 19.96 million common shares in FR Cement Corp. and 10 million common shares in Lloyds Richfield Industrial Corp.
[DatePublished] => 2003-12-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 226871
[Title] => Fortune Cement sets P700M for plant upgrade
[Summary] => Fortune Cement Corp. is investing around P700 million for the plant upgrade program beginning this year until next year to improve its plant’s operational efficiency. The amount is on top of the P68-million capital expenditure budget of the company this year.
Of the amount, the company intends to spend around P400 million for capital equipment, while P260 million will cover technical efficiency and P40 million for environmental improvements.
[DatePublished] => 2003-11-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
November 6, 2003 - 12:00am
