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                    [Title] => Music Corp aborts restructuring plan
                    [Summary] => Music Corp., a Philippine-listed investment holding firm, said it would not push through with the planned corporate restructuring program intended to consolidate its assets into a special purpose vehicle (SPV).


In a disclosure to the Philippine Stock Exchange, Music Corp. corporate secretary Jimmy Soo said the company’s board of directors has voted to abandon the restructuring plan, approved by the stockholders late last year, and instead continue in its efforts to tap strategic investments in upstart information technology ventures.


                    [DatePublished] => 2002-10-20 00:00:00
                    [ColumnID] => 133272
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MUSIC MANUFACTURING TECHNOLOGY INC

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                    [Title] => Music Corp aborts restructuring plan
                    [Summary] => Music Corp., a Philippine-listed investment holding firm, said it would not push through with the planned corporate restructuring program intended to consolidate its assets into a special purpose vehicle (SPV).


In a disclosure to the Philippine Stock Exchange, Music Corp. corporate secretary Jimmy Soo said the company’s board of directors has voted to abandon the restructuring plan, approved by the stockholders late last year, and instead continue in its efforts to tap strategic investments in upstart information technology ventures.


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Music Corp aborts restructuring plan

October 20, 2002 - 12:00am

Music Corp., a Philippine-listed investment holding firm, said it would not push through with the planned corporate restructuring program intended to consolidate its assets into a special purpose vehicle (SPV). In...

Business