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                    [ArticleID] => 227974
                    [Title] => Primetown pays P28.7-M debt with Metrobank
                    [Summary] => Primetown Property Group Inc. has signed a memorandum of agreement with Metropolitan Bank & Trust Co. Inc. for the exchange of P28.7-million worth of real estate properties and receivables for  sold inventories previously foreclosed by the bank, the company told the Securities and Exchange Commission.


Primetown said this has resulted in the closure of a long-pending P22.9-million debt overhang booked under accounts payable and accrued expenses. The transaction also resulted in a net loss of P5.7 million.


                    [DatePublished] => 2003-11-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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            [1] => Array
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                    [ArticleID] => 214642
                    [Title] => Primetown mulls suspension of loan payments
                    [Summary] => Burdened by huge debts, property firm Primetown Property Group Inc. is considering a suspension of loan payments to keep its creditors at bay as it works out a viable rehabilitation plan.


In a disclosure to the Philippine Stock Exchange, Primetown said its shareholders approved a resolution authorizing the board to file a petition before the courts to place the corporation under rehabilitation.  No other details were given by the company.  


                    [DatePublished] => 2003-07-23 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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GOLD COAST TOWERS

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                    [ArticleID] => 227974
                    [Title] => Primetown pays P28.7-M debt with Metrobank
                    [Summary] => Primetown Property Group Inc. has signed a memorandum of agreement with Metropolitan Bank & Trust Co. Inc. for the exchange of P28.7-million worth of real estate properties and receivables for  sold inventories previously foreclosed by the bank, the company told the Securities and Exchange Commission.


Primetown said this has resulted in the closure of a long-pending P22.9-million debt overhang booked under accounts payable and accrued expenses. The transaction also resulted in a net loss of P5.7 million.


                    [DatePublished] => 2003-11-15 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
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                    [ArticleID] => 214642
                    [Title] => Primetown mulls suspension of loan payments
                    [Summary] => Burdened by huge debts, property firm Primetown Property Group Inc. is considering a suspension of loan payments to keep its creditors at bay as it works out a viable rehabilitation plan.


In a disclosure to the Philippine Stock Exchange, Primetown said its shareholders approved a resolution authorizing the board to file a petition before the courts to place the corporation under rehabilitation.  No other details were given by the company.  


                    [DatePublished] => 2003-07-23 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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abtest

Primetown pays P28.7-M debt with Metrobank

By Zinnia B. Dela Peña | November 15, 2003 - 12:00am

Primetown Property Group Inc. has signed a memorandum of agreement with Metropolitan Bank & Trust Co. Inc. for the exchange of P28.7-million worth of real estate properties and receivables for sold inventories...

Business

Primetown mulls suspension of loan payments

By Zinnia B. Dela Peña | July 23, 2003 - 12:00am

Burdened by huge debts, property firm Primetown Property Group Inc. is considering a suspension of loan payments to keep its creditors at bay as it works out a viable rehabilitation plan. In a disclosure to the...

Business