MARINA RESIDENTIAL

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                    [ArticleID] => 167321
                    [Title] => Fairmont Holdings to acquire Empire East Properties, Inc.
                    [Summary] => Fairmont Holdings, Inc. (formerly BW Resources Corp.) will be acquiring Empire East Properties Inc., the low-cost housing division of its sister firm Empire East Land Holdings Inc., through a share purchase agreement worth P59.4 million, the company informed the Philippine Stock Exchange.


In a disclosure, Fairmont said it will acquire the assets of EEPI at book value, providing the company the vehicle to jumpstart its entry into the development of mass housing projects. EEPI has put up a low-cost housing village called Governors’ Hills in Gen. Trias, Cavite.


                    [DatePublished] => 2002-07-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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Fairmont Holdings to acquire Empire East Properties, Inc.

By Christina Mendez | July 6, 2002 - 12:00am

Fairmont Holdings, Inc. (formerly BW Resources Corp.) will be acquiring Empire East Properties Inc., the low-cost housing division of its sister firm Empire East Land Holdings Inc., through a share purchase agreement...

Business