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                    [Title] => International firms plan to buy Coral Reef resort
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Two international companies have offered their interest to buy the 36-hectare property in Mactan  Island, formerly the location of defunct Coral Reef Resort, now owned by Lucio Tan-led Philippine National Bank (PNB).
                    [DatePublished] => 2009-02-03 00:00:00
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                    [Title] => Durano: Lucio Tan group to pursue Coral Reef rehab
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                    [DatePublished] => 2008-07-15 00:00:00
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                    [Title] => Jap files raps over IPO inclusion of Coral Reef
                    [Summary] => 
            
The Japanese owner of the defunct Coral Reef Resort in Mactan cries foul over the inclusion of the 36-hectare resort property in the Initial Public Offering (IPO) of Lucio Tan’s Eton Properties Philippines Inc.
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                    [Title] => Japanese resort owner vows to pay workers
                    [Summary] => The former owner of defunct Coral Reef Resort vowed to properly compensate its unpaid employees if the court grants its wish to take back the property's ownership from the Philippine National Bank (PNB).
                    [DatePublished] => 2006-11-22 00:00:00
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                    [Title] => Japanese resort owner vows to pay workers
                    [Summary] => The former owner of defunct Coral Reef Resort vowed to properly compensate its unpaid employees if the court grants its wish to take back the property's ownership from the Philippine National Bank (PNB).
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                    [Title] => PNB told to negotiate with ex resort owner
                    [Summary] => 



The interested Korean buyer of the controversial Coral Reef Resort in Mactan Island is asking the Philippine National Bank (PNB) to agree on a compromise deal with the property's former owner to hasten the re-opening of the 36-hectare resort and golf club.


The interested Korean buyer, Sea Born and Fil Kotchi consortium represented by Chang Nam Moon said while his group cannot pursue a buy-out negotiation with the former lead owner of the resort Kenichi Akimoto, Moon said the group wants PNB to clench a compromise arrangement with Akimoto.


                    [DatePublished] => 2006-11-11 00:00:00
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                    [Title] => Former Coral Reef operators attempt to regain ownership
                    [Summary] => 



The owner of the 36-hectare defunct Coral Reef Resort in Mactan Island is fighting to get back the property from the Philippine National Bank (PNB), claiming that the bank's foreclosure last year was illegal.


Coral Reef Resort company operators Japanese-led Palm Tree Estate Inc., and Bell Air Golf and Country Club accused the Lucio Tan-led PNB of an illegal foreclosure of the property.


"The terms of conditions were changed after the loan was constituted," legal counsel Judge Romulo Senining said in a press conference.


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PALM TREE ESTATE INC

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                    [Title] => International firms plan to buy Coral Reef resort
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Two international companies have offered their interest to buy the 36-hectare property in Mactan  Island, formerly the location of defunct Coral Reef Resort, now owned by Lucio Tan-led Philippine National Bank (PNB).
                    [DatePublished] => 2009-02-03 00:00:00
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                    [Title] => Jap files raps over IPO inclusion of Coral Reef
                    [Summary] => 
            
The Japanese owner of the defunct Coral Reef Resort in Mactan cries foul over the inclusion of the 36-hectare resort property in the Initial Public Offering (IPO) of Lucio Tan’s Eton Properties Philippines Inc.
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                    [Title] => Japanese resort owner vows to pay workers
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                    [DatePublished] => 2006-11-22 00:00:00
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                    [Title] => Japanese resort owner vows to pay workers
                    [Summary] => The former owner of defunct Coral Reef Resort vowed to properly compensate its unpaid employees if the court grants its wish to take back the property's ownership from the Philippine National Bank (PNB).
                    [DatePublished] => 2006-11-22 00:00:00
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                    [ArticleID] => 368254
                    [Title] => PNB told to negotiate with ex resort owner
                    [Summary] => 



The interested Korean buyer of the controversial Coral Reef Resort in Mactan Island is asking the Philippine National Bank (PNB) to agree on a compromise deal with the property's former owner to hasten the re-opening of the 36-hectare resort and golf club.


The interested Korean buyer, Sea Born and Fil Kotchi consortium represented by Chang Nam Moon said while his group cannot pursue a buy-out negotiation with the former lead owner of the resort Kenichi Akimoto, Moon said the group wants PNB to clench a compromise arrangement with Akimoto.


                    [DatePublished] => 2006-11-11 00:00:00
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                    [ArticleID] => 362991
                    [Title] => Former Coral Reef operators attempt to regain ownership
                    [Summary] => 



The owner of the 36-hectare defunct Coral Reef Resort in Mactan Island is fighting to get back the property from the Philippine National Bank (PNB), claiming that the bank's foreclosure last year was illegal.


Coral Reef Resort company operators Japanese-led Palm Tree Estate Inc., and Bell Air Golf and Country Club accused the Lucio Tan-led PNB of an illegal foreclosure of the property.


"The terms of conditions were changed after the loan was constituted," legal counsel Judge Romulo Senining said in a press conference.


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abtest

International firms plan to buy Coral Reef resort

By Ehda Dagooc | February 3, 2009 - 12:00am

Two international companies have offered their interest to buy the 36-hectare property in Mactan Island, formerly the location of defunct Coral Reef Resort, now owned by Lucio Tan-led Philippine National Bank ...

Freeman Cebu Business

Durano: Lucio Tan group to pursue Coral Reef rehab

July 15, 2008 - 12:00am

Freeman Cebu Business

Jap files raps over IPO inclusion of Coral Reef

By Ehda Dagooc | August 18, 2007 - 12:00am

The Japanese owner of the defunct Coral Reef Resort in Mactan cries foul over the inclusion of the 36-hectare resort property in the Initial Public Offering (IPO) of Lucio Tan’s Eton Properties...

Freeman Cebu Business

Japanese resort owner vows to pay workers

By Ehda Dagooc | November 22, 2006 - 12:00am

The former owner of defunct Coral Reef Resort vowed to properly compensate its unpaid employees if the court grants its wish to take back the property's ownership from the Philippine National Bank (PNB).

Freeman Cebu Business

Japanese resort owner vows to pay workers

By Ehda Dagooc | November 22, 2006 - 12:00am

The former owner of defunct Coral Reef Resort vowed to properly compensate its unpaid employees if the court grants its wish to take back the property's ownership from the Philippine National Bank (PNB).

Freeman Cebu Business

PNB told to negotiate with ex resort owner

By Ehda Dagooc | November 11, 2006 - 12:00am

The interested Korean buyer of the controversial Coral Reef Resort in Mactan Island is asking the Philippine National Bank (PNB) to agree on a compromise deal with the property's former owner to hasten the...

Freeman Cebu Business

Former Coral Reef operators attempt to regain ownership

By Ehda Dagooc | October 14, 2006 - 12:00am

The owner of the 36-hectare defunct Coral Reef Resort in Mactan Island is fighting to get back the property from the Philippine National Bank (PNB), claiming that the bank's foreclosure last year was illegal. Coral...

Freeman Cebu Business