+ Follow GIHL Tag
Array
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[results] => Array
(
[0] => Array
(
[ArticleID] => 265292
[Title] => GIHL completes P1-B downpayment to NSC
[Summary] => Global Infrastructure Holdings Ltd. (GIHL) has remitted in full its P1-billion downpayment for National Steel Corp. (NSC), said Sushant Das, president of GIHL’s parent firm Global Steelworks International Inc. (GSII).
With the payment, Das said GIHL can now proceed with the acquisition of NSC, including the takeover of the plant’s assets and operations.
[DatePublished] => 2004-09-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 264719
[Title] => Closure of NSC sale to Global Ispat remains on hold
[Summary] => The closure of the sale of National Steel Corp. (NSC) to Global Infrastructure Holdings Ltd. (GIHL) continues to be held up even as an Asset Purchase Agreement was finally signed last Friday, Sept. 10.
Two other agreements – the Omnibus Agreement and the Sharing Agreement have not been signed because of two other conditions that the creditor banks have to complete.
[DatePublished] => 2004-09-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 248326
[Title] => GIHL, creditors extend closing date for NSC deal by 90 days
[Summary] => The creditor-banks of National Steel Corp. (NSC) and winning bidder Global Infrastructure Holdings Ltd. (GIHL) have agreed to extend for another 90 days the closing of a deal which would result in GIHL taking over the mothballed steel firm.
"They agreed to a 90-day extension on the closing date as they have yet to secure certain documents necessary for the conclusion of a deal," Securities and Exchange Commission (SEC) chairperson Lilia R. Bautista said.
[DatePublished] => 2004-05-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 241897
[Title] => NSC sale to GIHL not final?
[Summary] => The sale of National Steel Corp. (NSC) to Global Infrastructure Holdings Ltd. (GIHL) is still not final until all of the definitive agreements are signed, according to NSC creditor-bank sources.
Sources warned that GIHL "is taking a risk in rehabilitating the plant and operating it. If the creditors and GIHL do not come to terms, we will not reimburse them for what they have spent."
[DatePublished] => 2004-03-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 239309
[Title] => GIHL urged to put up P10.25B in new bonds to secure debt
[Summary] => Creditor banks of the National Steel Corp. (NSC) want Global Infrastructure Holdings Ltd. (GIHL) to put up P10.25 billion in new bonds to secure the balance of its payment for the steel firm.
GIHL, which belongs to the Ispat Group of India, will also have to secure a standby letter of credit for another P1 billion as part of its total payments to the creditor banks.
Upon signing of the Memorandum of Agreement among the creditor banks and GIHL, a P1 billion cash up front was paid by the Indian steel giant.
[DatePublished] => 2004-02-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 239101
[Title] => NSC reopening seen to cause power shortage in Mindanao
[Summary] => The reopening of the National Steel Corp. (NSC) in Iligan City is expected to cause a power shortage in the Mindanao area, affecting other businesses and residents in the surrounding provinces.
According to the National Economic and Development Authority (NEDA) in Northern Mindanao, NSC would require at least megawatts (MW) of power that would not be met by the existing power source, mostly from Ma. Cristina Falls Hydroelectric power facility.
[DatePublished] => 2004-02-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 239224
[Title] => NSC reopening seen to cause power shortage in Mindanao
[Summary] => The reopening of the National Steel Corp. (NSC) in Iligan City is expected to cause a power shortage in the Mindanao area, affecting other businesses and residents in the surrounding provinces.
According to the National Economic and Development Authority (NEDA) in Northern Mindanao, NSC would require at least megawatts (MW) of power that would not be met by the existing power source, mostly from Ma. Cristina Falls Hydroelectric power facility.
[DatePublished] => 2004-02-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 236942
[Title] => NSC creditors seal pact with Global Holdings
[Summary] => The creditor-banks of National Steel Corp. (NSC) and India’s Global Infrastructure Holdings Ltd. (GIHL) signed yesterday a memorandum of agreement (MOA) for the rehabilitation of the mothballed steel plant in Iligan.
Securities and Exchange Commission-appointed NSC liquidator Danilo Concepcion was one of the main signatories to the MOA.
[DatePublished] => 2004-01-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 235981
[Title] => LNM Group continues to pursue bid for Nat’l Steel
[Summary] => The LNM group will continue to pursue its bid for the National Steel Corp. (NSC) even after reports that majority of NSC’s creditor-banks have accepted the improved offer of Global Infrastructure Holding Ltd. (GIHL).
LNM Holdings marketing manager Eric Tierie said yesterday that LNM is now willing to translate its offer to more outright cash instead of a profit-sharing scheme.
LNM would offer 10 percent more than the P13.25 billion offer of GIHL or P14.575 billion with the amount payable in less than eight years and P2.5-billion payable upfront.
[DatePublished] => 2004-01-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 235860
[Title] => NSC creditors pick GIHL
[Summary] => Majority of the creditor-banks of the National Steel Corp. (NSC) have reportedly accepted the improved offer of Global Infrastructure Holdings Ltd. (GIHL).
According to sources involved in the talks, 60 percent or a majority of the banks have accepted GIHL’s offer for NSC.
Even those who reportedly had some questions about the length of payment, sources said, did not do anything "negative" to derail the acceptance of GIHL’s offer.
The sources also said a date for the signing of the MOA is now being set.
[DatePublished] => 2004-01-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
GIHL
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 265292
[Title] => GIHL completes P1-B downpayment to NSC
[Summary] => Global Infrastructure Holdings Ltd. (GIHL) has remitted in full its P1-billion downpayment for National Steel Corp. (NSC), said Sushant Das, president of GIHL’s parent firm Global Steelworks International Inc. (GSII).
With the payment, Das said GIHL can now proceed with the acquisition of NSC, including the takeover of the plant’s assets and operations.
[DatePublished] => 2004-09-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 264719
[Title] => Closure of NSC sale to Global Ispat remains on hold
[Summary] => The closure of the sale of National Steel Corp. (NSC) to Global Infrastructure Holdings Ltd. (GIHL) continues to be held up even as an Asset Purchase Agreement was finally signed last Friday, Sept. 10.
Two other agreements – the Omnibus Agreement and the Sharing Agreement have not been signed because of two other conditions that the creditor banks have to complete.
[DatePublished] => 2004-09-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 248326
[Title] => GIHL, creditors extend closing date for NSC deal by 90 days
[Summary] => The creditor-banks of National Steel Corp. (NSC) and winning bidder Global Infrastructure Holdings Ltd. (GIHL) have agreed to extend for another 90 days the closing of a deal which would result in GIHL taking over the mothballed steel firm.
"They agreed to a 90-day extension on the closing date as they have yet to secure certain documents necessary for the conclusion of a deal," Securities and Exchange Commission (SEC) chairperson Lilia R. Bautista said.
[DatePublished] => 2004-05-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 241897
[Title] => NSC sale to GIHL not final?
[Summary] => The sale of National Steel Corp. (NSC) to Global Infrastructure Holdings Ltd. (GIHL) is still not final until all of the definitive agreements are signed, according to NSC creditor-bank sources.
Sources warned that GIHL "is taking a risk in rehabilitating the plant and operating it. If the creditors and GIHL do not come to terms, we will not reimburse them for what they have spent."
[DatePublished] => 2004-03-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 239309
[Title] => GIHL urged to put up P10.25B in new bonds to secure debt
[Summary] => Creditor banks of the National Steel Corp. (NSC) want Global Infrastructure Holdings Ltd. (GIHL) to put up P10.25 billion in new bonds to secure the balance of its payment for the steel firm.
GIHL, which belongs to the Ispat Group of India, will also have to secure a standby letter of credit for another P1 billion as part of its total payments to the creditor banks.
Upon signing of the Memorandum of Agreement among the creditor banks and GIHL, a P1 billion cash up front was paid by the Indian steel giant.
[DatePublished] => 2004-02-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 239101
[Title] => NSC reopening seen to cause power shortage in Mindanao
[Summary] => The reopening of the National Steel Corp. (NSC) in Iligan City is expected to cause a power shortage in the Mindanao area, affecting other businesses and residents in the surrounding provinces.
According to the National Economic and Development Authority (NEDA) in Northern Mindanao, NSC would require at least megawatts (MW) of power that would not be met by the existing power source, mostly from Ma. Cristina Falls Hydroelectric power facility.
[DatePublished] => 2004-02-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 239224
[Title] => NSC reopening seen to cause power shortage in Mindanao
[Summary] => The reopening of the National Steel Corp. (NSC) in Iligan City is expected to cause a power shortage in the Mindanao area, affecting other businesses and residents in the surrounding provinces.
According to the National Economic and Development Authority (NEDA) in Northern Mindanao, NSC would require at least megawatts (MW) of power that would not be met by the existing power source, mostly from Ma. Cristina Falls Hydroelectric power facility.
[DatePublished] => 2004-02-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 236942
[Title] => NSC creditors seal pact with Global Holdings
[Summary] => The creditor-banks of National Steel Corp. (NSC) and India’s Global Infrastructure Holdings Ltd. (GIHL) signed yesterday a memorandum of agreement (MOA) for the rehabilitation of the mothballed steel plant in Iligan.
Securities and Exchange Commission-appointed NSC liquidator Danilo Concepcion was one of the main signatories to the MOA.
[DatePublished] => 2004-01-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 235981
[Title] => LNM Group continues to pursue bid for Nat’l Steel
[Summary] => The LNM group will continue to pursue its bid for the National Steel Corp. (NSC) even after reports that majority of NSC’s creditor-banks have accepted the improved offer of Global Infrastructure Holding Ltd. (GIHL).
LNM Holdings marketing manager Eric Tierie said yesterday that LNM is now willing to translate its offer to more outright cash instead of a profit-sharing scheme.
LNM would offer 10 percent more than the P13.25 billion offer of GIHL or P14.575 billion with the amount payable in less than eight years and P2.5-billion payable upfront.
[DatePublished] => 2004-01-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 235860
[Title] => NSC creditors pick GIHL
[Summary] => Majority of the creditor-banks of the National Steel Corp. (NSC) have reportedly accepted the improved offer of Global Infrastructure Holdings Ltd. (GIHL).
According to sources involved in the talks, 60 percent or a majority of the banks have accepted GIHL’s offer for NSC.
Even those who reportedly had some questions about the length of payment, sources said, did not do anything "negative" to derail the acceptance of GIHL’s offer.
The sources also said a date for the signing of the MOA is now being set.
[DatePublished] => 2004-01-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
