Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 101557
                    [Title] => PBCom bucks sale of Uniwide subsidiary
                    [Summary] => 

The Philippine Bank of Communications (PBCom), one of the creditors of
cash-challenged Uniwide Group of Companies, is opposing the sale of First
Paragon Corp. (FPC) for P145 million to I Mart International Corp. (I Mart).

FPC, one of the subsidiaries of Uniwide, is set to close the sale on Feb. 7
coinciding with the expiration of the third 60-day debt relief given to the
retail and property group.

In its comments submitted to the SEC, PBCom said the sale is not valid because
the bank's approval was never sought and its conditions, ignored.
                    [DatePublished] => 2000-02-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

I MART INTERNATIONAL CORP

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 101557
                    [Title] => PBCom bucks sale of Uniwide subsidiary
                    [Summary] => 

The Philippine Bank of Communications (PBCom), one of the creditors of
cash-challenged Uniwide Group of Companies, is opposing the sale of First
Paragon Corp. (FPC) for P145 million to I Mart International Corp. (I Mart).

FPC, one of the subsidiaries of Uniwide, is set to close the sale on Feb. 7
coinciding with the expiration of the third 60-day debt relief given to the
retail and property group.

In its comments submitted to the SEC, PBCom said the sale is not valid because
the bank's approval was never sought and its conditions, ignored.
                    [DatePublished] => 2000-02-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

PBCom bucks sale of Uniwide subsidiary

By Rocel Felix | February 4, 2000 - 12:00am

The Philippine Bank of Communications (PBCom), one of the creditors of cash-challenged Uniwide Group of Companies, is opposing the sale of First Paragon Corp. (FPC) for P145 million to I Mart International Corp....

Business