ORION BRANDS INTERNATIONAL INC

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                    [ArticleID] => 279153
                    [Title] => Prime Orion unit acquires Lepanto Ceramics loans
                    [Summary] => Prime Orion Philippines Inc. (POPI), an investment holding company associated with the Guoco Group of Malaysia, said one of its units acquired the loans extended by Hong Kong & Shanghai Banking Corp. to tilemaker Lepanto Ceramics Inc., an affiliate of POPI.


In a disclosure to the Philippine Stock Exchange, POPI said its indirect unit Orion Brands International Inc. (OBII) acquired the loans valued at $7.17 million and P15.97 million for a cash consideration of $1.6 million and P3.43 million, respectively.


                    [DatePublished] => 2005-05-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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Prime Orion unit acquires Lepanto Ceramics loans

By Zinnia B. Dela Peña | May 26, 2005 - 12:00am

Prime Orion Philippines Inc. (POPI), an investment holding company associated with the Guoco Group of Malaysia, said one of its units acquired the loans extended by Hong Kong & Shanghai Banking Corp. to tilemaker...

Business