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                    [ArticleID] => 211353
                    [Title] => PICOP capital hike gets SEC nod
                    [Summary] => The Securities and Exchange Commission (SEC) has approved the increase in capital stock of pulp and newsprint manufacturer PICOP Resources Inc. from P1 million to P1 billion.


The capital hike was in line with the spin off of the company’s pulp and paper assets as approved by Picop’s stockholders.


The new capitalization consists of six million common shares and four million preferred shares both with a par value of P100 each.


                    [DatePublished] => 2003-06-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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                    [SectionName] => Business
                    [SectionUrl] => business
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            [1] => Array
                (
                    [ArticleID] => 172885
                    [Title] => PSE resumes trading in Picop shares
                    [Summary] => Trading in pulp and paper milling company Picop Resources Inc. (PRI) resumed yesterday after the Securities and Exchange Commission’s (SEC) issued a certification extending the firm’s corporate life by 50 years retroactive to March 31, 2002.


In a circular, Philippine Stock Exchange (PSE) Disclosure Department head Trisha Zamesa said the suspension in the trading of PRI which lasted for six days was lifted yesterday after the company submitted documents "confirming that (PRI’s) corporate existence subsists."


                    [DatePublished] => 2002-08-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 172633
                    [Title] => SEC renews Picop’s corporate license
                    [Summary] => Pulp and newsprint manufacturer Picop Resources Inc. was given a new lease on life by the Securities and Exchange Commission after paying the required P12 million in filing fee for the renewal of its business registration.


SEC Chairman Lilia R. Bautista said the commission has agreed to extend Picop’s corporate life for another 50 years following the firm’s settlement of its filing fee deficiency.  The approval, she said, will be retroactive.


                    [DatePublished] => 2002-08-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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                    [SectionName] => Business
                    [SectionUrl] => business
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            [3] => Array
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                    [ArticleID] => 171895
                    [Title] => PSE suspends trading in Picop Resources shares
                    [Summary] => The Philippine Stock Exchange (PSE) suspended yesterday trading in the stocks of pulp and paper milling company Picop Resources Inc. (PRI) following the Securities and Exchange Commission’s confirmation that it has not yet granted an extension of Picop’s corporate life which expired last March 31.


PSE president Ernest Leung said in view of this development, trading in Picop shares will be indefinitely suspended pending the resolution of its case with the SEC.


                    [DatePublished] => 2002-08-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 169513
                    [Title] => PICOP to hale DENR chief to court
                    [Summary] => PICOP Resources Inc., the country’s largest integrated wood processing company, will take Environment and Natural Resources Secretary Heherson Alvarez to court for allegedly dragging his feet on the firm’s application for a timber licensing agreement.


In a letter to the Philippine Stock Exchange (PSE), PICOP said this move will force Alvarez to face and answer the issues squarely since he "cannot show any valid reason why he has withheld the process and approvals but instead resorted to obfuscating the issues and twisting facts."


                    [DatePublished] => 2002-07-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 138444
                    [Title] => DENR okays Picop Resources forestry plan
                    [Summary] => Picop Resources, Inc. will not be shutting down by the end of the month after all.


Vicsmarte Ubalde, Picop corporate information officer, told the Philippine Stock Exchange that it received last week the Department of Environment and National Resources approval for the conversion of its forestland under Timber Licensing Agreement (TLA) 43.


"This development provides the basis for a long-term assurance of wood supply to Picop’s pulp and paper mill," Ubalde said.


                    [DatePublished] => 2001-10-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 135406
                    [Title] => Picop to shut down Oct 31
                    [Summary] => Picop Resources Inc. is the latest casualty in a growing list of corporate closures caused by the flood of lower-priced imports.


In a statement to the Philippine Stock Exchange, Picop corporate information officer Vicsmarte Ubalde said the company will be shutting down its various operations effective Oct. 31, 2001.


                    [DatePublished] => 2001-10-02 00:00:00
                    [ColumnID] => 133272
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ONCE SOUTHEAST ASIA

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                    [ArticleID] => 211353
                    [Title] => PICOP capital hike gets SEC nod
                    [Summary] => The Securities and Exchange Commission (SEC) has approved the increase in capital stock of pulp and newsprint manufacturer PICOP Resources Inc. from P1 million to P1 billion.


The capital hike was in line with the spin off of the company’s pulp and paper assets as approved by Picop’s stockholders.


The new capitalization consists of six million common shares and four million preferred shares both with a par value of P100 each.


                    [DatePublished] => 2003-06-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
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            [1] => Array
                (
                    [ArticleID] => 172885
                    [Title] => PSE resumes trading in Picop shares
                    [Summary] => Trading in pulp and paper milling company Picop Resources Inc. (PRI) resumed yesterday after the Securities and Exchange Commission’s (SEC) issued a certification extending the firm’s corporate life by 50 years retroactive to March 31, 2002.


In a circular, Philippine Stock Exchange (PSE) Disclosure Department head Trisha Zamesa said the suspension in the trading of PRI which lasted for six days was lifted yesterday after the company submitted documents "confirming that (PRI’s) corporate existence subsists."


                    [DatePublished] => 2002-08-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
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                )

            [2] => Array
                (
                    [ArticleID] => 172633
                    [Title] => SEC renews Picop’s corporate license
                    [Summary] => Pulp and newsprint manufacturer Picop Resources Inc. was given a new lease on life by the Securities and Exchange Commission after paying the required P12 million in filing fee for the renewal of its business registration.


SEC Chairman Lilia R. Bautista said the commission has agreed to extend Picop’s corporate life for another 50 years following the firm’s settlement of its filing fee deficiency.  The approval, she said, will be retroactive.


                    [DatePublished] => 2002-08-19 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 171895
                    [Title] => PSE suspends trading in Picop Resources shares
                    [Summary] => The Philippine Stock Exchange (PSE) suspended yesterday trading in the stocks of pulp and paper milling company Picop Resources Inc. (PRI) following the Securities and Exchange Commission’s confirmation that it has not yet granted an extension of Picop’s corporate life which expired last March 31.


PSE president Ernest Leung said in view of this development, trading in Picop shares will be indefinitely suspended pending the resolution of its case with the SEC.


                    [DatePublished] => 2002-08-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                    [ArticleID] => 169513
                    [Title] => PICOP to hale DENR chief to court
                    [Summary] => PICOP Resources Inc., the country’s largest integrated wood processing company, will take Environment and Natural Resources Secretary Heherson Alvarez to court for allegedly dragging his feet on the firm’s application for a timber licensing agreement.


In a letter to the Philippine Stock Exchange (PSE), PICOP said this move will force Alvarez to face and answer the issues squarely since he "cannot show any valid reason why he has withheld the process and approvals but instead resorted to obfuscating the issues and twisting facts."


                    [DatePublished] => 2002-07-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 138444
                    [Title] => DENR okays Picop Resources forestry plan
                    [Summary] => Picop Resources, Inc. will not be shutting down by the end of the month after all.


Vicsmarte Ubalde, Picop corporate information officer, told the Philippine Stock Exchange that it received last week the Department of Environment and National Resources approval for the conversion of its forestland under Timber Licensing Agreement (TLA) 43.


"This development provides the basis for a long-term assurance of wood supply to Picop’s pulp and paper mill," Ubalde said.


                    [DatePublished] => 2001-10-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 135406
                    [Title] => Picop to shut down Oct 31
                    [Summary] => Picop Resources Inc. is the latest casualty in a growing list of corporate closures caused by the flood of lower-priced imports.


In a statement to the Philippine Stock Exchange, Picop corporate information officer Vicsmarte Ubalde said the company will be shutting down its various operations effective Oct. 31, 2001.


                    [DatePublished] => 2001-10-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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)

abtest

PICOP capital hike gets SEC nod

June 25, 2003 - 12:00am

The Securities and Exchange Commission (SEC) has approved the increase in capital stock of pulp and newsprint manufacturer PICOP Resources Inc. from P1 million to P1 billion. The capital hike was in line with the...

Business

PSE resumes trading in Picop shares

By Christina Mendez | August 21, 2002 - 12:00am

Trading in pulp and paper milling company Picop Resources Inc. (PRI) resumed yesterday after the Securities and Exchange Commission’s (SEC) issued a certification extending the firm’s corporate life by...

Business

SEC renews Picop’s corporate license

August 19, 2002 - 12:00am

Pulp and newsprint manufacturer Picop Resources Inc. was given a new lease on life by the Securities and Exchange Commission after paying the required P12 million in filing fee for the renewal of its business registration. SEC...

Business

PSE suspends trading in Picop Resources shares

By Christina Mendez | August 13, 2002 - 12:00am

The Philippine Stock Exchange (PSE) suspended yesterday trading in the stocks of pulp and paper milling company Picop Resources Inc. (PRI) following the Securities and Exchange Commission’s confirmation that...

Business

PICOP to hale DENR chief to court

By Christina Mendez | July 25, 2002 - 12:00am

PICOP Resources Inc., the country’s largest integrated wood processing company, will take Environment and Natural Resources Secretary Heherson Alvarez to court for allegedly dragging his feet on the firm’s...

Business

DENR okays Picop Resources forestry plan

By Christina Mendez | October 30, 2001 - 12:00am

Picop Resources, Inc. will not be shutting down by the end of the month after all. Vicsmarte Ubalde, Picop corporate information officer, told the Philippine Stock Exchange that it received last week the Department...

Business

Picop to shut down Oct 31

October 2, 2001 - 12:00am

Picop Resources Inc. is the latest casualty in a growing list of corporate closures caused by the flood of lower-priced imports. In a statement to the Philippine Stock Exchange, Picop corporate information officer...

Business