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                    [ArticleID] => 99011
                    [Title] => PNB wants Uniwide rehabilitation plan amended
                    [Summary] => 

The Philippine National Bank, a principal creditor of financially-challenged
Uniwide Group of Companies wants the Securities and Exchange Commission (SEC)
to modify the approved amended rehabilitation plan of the company to ensure its
rights are protected.

The bank said the rehab plan approved last month by the regulator does not
assure that creditors will be able to collect what is due them.

PNB said the following schemes were not designed for the bank's rights as
mortgagee-creditor: creditors secured with operating and non-operating assets
will be paid in cash with a 20-pe
                    [DatePublished] => 2000-05-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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        )

)

JIMMY AND ANICETA GOW

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                    [ArticleID] => 99011
                    [Title] => PNB wants Uniwide rehabilitation plan amended
                    [Summary] => 

The Philippine National Bank, a principal creditor of financially-challenged
Uniwide Group of Companies wants the Securities and Exchange Commission (SEC)
to modify the approved amended rehabilitation plan of the company to ensure its
rights are protected.

The bank said the rehab plan approved last month by the regulator does not
assure that creditors will be able to collect what is due them.

PNB said the following schemes were not designed for the bank's rights as
mortgagee-creditor: creditors secured with operating and non-operating assets
will be paid in cash with a 20-pe
                    [DatePublished] => 2000-05-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

PNB wants Uniwide rehabilitation plan amended

By Rocel Felix | May 12, 2000 - 12:00am

The Philippine National Bank, a principal creditor of financially-challenged Uniwide Group of Companies wants the Securities and Exchange Commission (SEC) to modify the approved amended rehabilitation plan of...

Business