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                    [ArticleID] => 97989
                    [Title] => SEC asked to approve block  sale of P426-M Steniel shares
                    [Summary] => Metro Pacific Corp. (MPC) and Philippine International Paper Corp. (PIPC) have asked the Securities and Exchange Commission (SEC) to approve the block sale of P425.6 million worth of Steniel Manufacturing Corp. shares.


Lawyer Gemma Santos, counsel for both the MPC and PIPC, said that the transaction is "bonafide" and that it "is not intended to mislead or defraud the public." She added that this is a precondition to Silverneedle’s purchase of 72.6 percent of Steniel’s outstanding shares before buying the same shares tendered beforehand.


                    [DatePublished] => 2000-11-24 00:00:00
                    [ColumnID] => 133272
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LAWYER GEMMA SANTOS

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                    [ArticleID] => 97989
                    [Title] => SEC asked to approve block  sale of P426-M Steniel shares
                    [Summary] => Metro Pacific Corp. (MPC) and Philippine International Paper Corp. (PIPC) have asked the Securities and Exchange Commission (SEC) to approve the block sale of P425.6 million worth of Steniel Manufacturing Corp. shares.


Lawyer Gemma Santos, counsel for both the MPC and PIPC, said that the transaction is "bonafide" and that it "is not intended to mislead or defraud the public." She added that this is a precondition to Silverneedle’s purchase of 72.6 percent of Steniel’s outstanding shares before buying the same shares tendered beforehand.


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abtest

SEC asked to approve block sale of P426-M Steniel shares

November 24, 2000 - 12:00am

Metro Pacific Corp. (MPC) and Philippine International Paper Corp. (PIPC) have asked the Securities and Exchange Commission (SEC) to approve the block sale of P425.6 million worth of Steniel Manufacturing Corp. shares. Lawyer...

Business