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                    [ArticleID] => 218077
                    [Title] => Primetown Property gets debt relief; rehab plan readied
                    [Summary] => Primetown Property Group Inc. has secured a debt reprieve from the Makati Regional Trial Court, the publicly-listed real estate developer said in a disclosure to securities regulators.


The order thus provides Primetown relief from the  payment of its outstanding liabilities  as of July 2, 2003, the date of filing of the petition for rehabilitation.


The court order, however, does not cover payments and transactions done in the normal course of business such as settlement of administrative expenses including salaries and payments for goods and supplies.


                    [DatePublished] => 2003-08-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 207116
                    [Title] => Primetown Property to build up its capital base, start new projects
                    [Summary] => Cash-strapped real estate developer Primetown Property Group Inc., will focus on a recapitalization program to build up its capital base and improve its liquidity.


In a financial report to the Securities and Exchange Commission,  Primetown said the program involves inviting principal shareholders and prospective strategic investors to participate in the retirement and/or settlement of the company’s obligations to the banks and the buyers in uncompleted projects.  


This is to allow Primetown to start new projects and new businesses on a clean slate.


                    [DatePublished] => 2003-05-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

MEDITEL

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    [results] => Array
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                    [ArticleID] => 218077
                    [Title] => Primetown Property gets debt relief; rehab plan readied
                    [Summary] => Primetown Property Group Inc. has secured a debt reprieve from the Makati Regional Trial Court, the publicly-listed real estate developer said in a disclosure to securities regulators.


The order thus provides Primetown relief from the  payment of its outstanding liabilities  as of July 2, 2003, the date of filing of the petition for rehabilitation.


The court order, however, does not cover payments and transactions done in the normal course of business such as settlement of administrative expenses including salaries and payments for goods and supplies.


                    [DatePublished] => 2003-08-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 207116
                    [Title] => Primetown Property to build up its capital base, start new projects
                    [Summary] => Cash-strapped real estate developer Primetown Property Group Inc., will focus on a recapitalization program to build up its capital base and improve its liquidity.


In a financial report to the Securities and Exchange Commission,  Primetown said the program involves inviting principal shareholders and prospective strategic investors to participate in the retirement and/or settlement of the company’s obligations to the banks and the buyers in uncompleted projects.  


This is to allow Primetown to start new projects and new businesses on a clean slate.


                    [DatePublished] => 2003-05-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Primetown Property gets debt relief; rehab plan readied

By Zinnia B. Dela Peña | August 22, 2003 - 12:00am

Primetown Property Group Inc. has secured a debt reprieve from the Makati Regional Trial Court, the publicly-listed real estate developer said in a disclosure to securities regulators. The order thus provides Primetown...

Business

Primetown Property to build up its capital base, start new projects

By Zinnia B. Dela Peña | May 22, 2003 - 12:00am

Cash-strapped real estate developer Primetown Property Group Inc., will focus on a recapitalization program to build up its capital base and improve its liquidity. In a financial report to the Securities and Exchange...

Business