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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 286951 [Title] => Phil-Asia Care hikes capital to P150 M [Summary] => Phil-Asia Care Plans Inc. is raising its capital to P150 million from only P3 million as it eyes a comeback in the local pre-need industry.
An SEC official said Phil-Asia is planning to revive its business as a way to legitimize its solicitation activities.
Phil-Asia came under fire from securities regulators for selling non-existent pre-need plans.
[DatePublished] => 2005-07-18 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 271901 [Title] => SEC warns public vs dealing with Phil-Asia Care [Summary] => The Securities and Exchange Commission (SEC) has warned thepublic anew against dealing with Phil-Asia Care Plans Inc., a pre-need firm that ceased operations due to illegal sale of securities, following reports that the company continues to solicit investments despite the permanent cease-and-desist order (CDO) issued by the SEC.
The SEC has received complaints from several investors located in the provinces that they had been duped into buying non-existent pre-need plans. The agencys compliance and enforcement department is now looking into the case.
[DatePublished] => 2005-03-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
LEONISA RANA
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 286951 [Title] => Phil-Asia Care hikes capital to P150 M [Summary] => Phil-Asia Care Plans Inc. is raising its capital to P150 million from only P3 million as it eyes a comeback in the local pre-need industry.
An SEC official said Phil-Asia is planning to revive its business as a way to legitimize its solicitation activities.
Phil-Asia came under fire from securities regulators for selling non-existent pre-need plans.
[DatePublished] => 2005-07-18 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 271901 [Title] => SEC warns public vs dealing with Phil-Asia Care [Summary] => The Securities and Exchange Commission (SEC) has warned thepublic anew against dealing with Phil-Asia Care Plans Inc., a pre-need firm that ceased operations due to illegal sale of securities, following reports that the company continues to solicit investments despite the permanent cease-and-desist order (CDO) issued by the SEC.
The SEC has received complaints from several investors located in the provinces that they had been duped into buying non-existent pre-need plans. The agencys compliance and enforcement department is now looking into the case.
[DatePublished] => 2005-03-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Zinnia B. Dela Peña | July 18, 2005 - 12:00am
By Zinnia B. Dela Peña | March 29, 2005 - 12:00am
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