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+ Follow PENGURUSAN DANAHARTA NASIONAL BERHAD Tag
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 254773 [Title] => RP sends team to sort out dispute between National Steel creditors, Danaharta [Summary] => A Philippine delegation that reportedly has the blessings of the Arroyo government will go to Malaysia to find out why Pengurusan Danaharta Nasional Berhad is "objecting to and rejecting" the deal creditor banks of National Steel Corp. (NSC) is trying to close with the Ispat Group of India.
Government sources confirmed that it has been asked once again to intercede in behalf of the NSC creditor banks to seal a deal that would allow the sale and rehabilitation of the Iligan-based steel firm.
[DatePublished] => 2004-06-21 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 251203 [Title] => DTI to mediate row between Natl Steel creditors, Danaharta [Summary] => The government is poised to mediate in the ongoing dispute between the creditors of the National Steel Corp. (NSC) and Malaysian debt rehabilitation agency Pengurusan Danaharta Nasional Berhad which wants to void the sale of the steel firm to Global Infrastructure Holdings Inc. (GIHL) of the Ispat Group of India.
Trade and Industry Secretary Cesar Purisima said the government can step in to resolve the issue but will initially prevail upon the feuding parties to discuss their differences by themselves.
[DatePublished] => 2004-05-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 250589 [Title] => Danaharta cant oppose NSC sale to Global creditors [Summary] => The Malaysian holding firm Pengurusan Danaharta Nasional Berhad (Danaharta) has no right to vote against the sale of the National Steel Corp. (NSC).
This was the position of the creditor banks of NSC after Danaharta expressed its disapproval of the sale of the troubled steel firm to Global Infrastructure Holdings Ltd. (Global Infrastructure).
[DatePublished] => 2004-05-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 250083 [Title] => Malaysias Danaharta rejects deal between Ispat, NSC creditor banks [Summary] => Malaysias Pengurusan Danaharta Nasional Berhad has informed the creditor banks of National Steel Corp. (NSC) that it is "objecting to and rejecting" the deal with the ispat Group of India.
Creditor bank sources confirmed yesterday that they had received a fax letter from Danaharta "objecting to and rejecting" the Ispat deal.
The creditor banks have not yet met formally as a group to discuss this new development, sources said.
[DatePublished] => 2004-05-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 183596 [Title] => Malaysians, banks agree on NSC rehab [Summary] => The Malaysian owners and the local creditor banks of the National Steel Corp. (NSC) are finally set to sign tomorrow a debt restructuring agreement expected to pave the way for the rehabilitation of the beleaguered steel firm. [DatePublished] => 2002-11-12 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 178872 [Title] => Malaysians, banks iron out kinks in proposed NSC rehab [Summary] => Malaysias debt restructuring firm Pengurusan Danaharta Nasional Berhad and the creditor banks of the National Steel Corp. (NSC) are again trying to iron out another kink in their talks over the rehabilitation of the mothballed steel firm.
Trade and Industry Secretary Manuel Roxas II said over the weekend that Danaharta is asking for a lockout period of between three to five years before any assets of the NSC can be disposed.
[DatePublished] => 2002-10-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 174026 [Title] => Malaysians, banks agree on crucial issues on NSC debt restructuring [Summary] => Malaysian holding firm Pengurusan Danaharta Nasional Berhad and local creditor banks have agreed on four crucial issues on debt restructuring and debt-to-equity conversion agreement for the beleaguered National Steel Corp. (NSC).
Trade and Industry Secretary Manuel Roxas II said yesterday that Danaharta, the consortium of local creditor banks and the liquidators of NSC reached a verbal agreement in Kuala Lumpur last week.
[DatePublished] => 2002-08-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 171250 [Title] => Malaysians, banks near accord on NSC rehab [Summary] => Trade and Industry Secretary Manuel Roxas II expressed optimism yesterday that the creditor banks of National Steel Corp. (NSC) will agree to allow Pengurusan Danaharta Nasional Berhad equal voting rights in NSC even after a dilution of Danahartas shares in the steel firm.
"We seem to have bridged a few of the items, so hopefully, the banks will not insist on having full say on all matters," Roxas said.
[DatePublished] => 2002-08-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 171019 [Title] => Roxas urges NSC creditors to settle dispute with Malaysians [Summary] => Trade and Industry Secretary Manuel Roxas II will meet anew with creditor banks of the National Steel Corp. (NSC) to urge them to settle their dispute with the Malaysian owners of NSC over the request of the Malaysians for voting rights regarding any corporate life-changing decision to be taken in the board.
The debt restructuring of NSC is dependent on all of the creditor banks, as well as the Malaysian owners, to agree to a debt haircut and debt-to-equity conversion.
[DatePublished] => 2002-08-06 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 165802 [Title] => NSC rehab may finally push through [Summary] => A debt restructuring of National Steel Corp.s (NSC) P16 billion debt may finally be reached if the consortium of local banks agree to a debt-write down of at least P6 billion and if NSCs majority owner, Pengurusan Danaharta Nasional Berhad, agrees to a corresponding write-down of $600 million of its $800 million investment in the mothballed steel firm.
"The creditor banks and Danaharta are close to signing a memorandum of agreement (MOA) on the debt restructuring of NSCs debt," industry sources disclosed over the weekend.
[DatePublished] => 2002-06-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
PENGURUSAN DANAHARTA NASIONAL BERHAD
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 254773 [Title] => RP sends team to sort out dispute between National Steel creditors, Danaharta [Summary] => A Philippine delegation that reportedly has the blessings of the Arroyo government will go to Malaysia to find out why Pengurusan Danaharta Nasional Berhad is "objecting to and rejecting" the deal creditor banks of National Steel Corp. (NSC) is trying to close with the Ispat Group of India.
Government sources confirmed that it has been asked once again to intercede in behalf of the NSC creditor banks to seal a deal that would allow the sale and rehabilitation of the Iligan-based steel firm.
[DatePublished] => 2004-06-21 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 251203 [Title] => DTI to mediate row between Natl Steel creditors, Danaharta [Summary] => The government is poised to mediate in the ongoing dispute between the creditors of the National Steel Corp. (NSC) and Malaysian debt rehabilitation agency Pengurusan Danaharta Nasional Berhad which wants to void the sale of the steel firm to Global Infrastructure Holdings Inc. (GIHL) of the Ispat Group of India.
Trade and Industry Secretary Cesar Purisima said the government can step in to resolve the issue but will initially prevail upon the feuding parties to discuss their differences by themselves.
[DatePublished] => 2004-05-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 250589 [Title] => Danaharta cant oppose NSC sale to Global creditors [Summary] => The Malaysian holding firm Pengurusan Danaharta Nasional Berhad (Danaharta) has no right to vote against the sale of the National Steel Corp. (NSC).
This was the position of the creditor banks of NSC after Danaharta expressed its disapproval of the sale of the troubled steel firm to Global Infrastructure Holdings Ltd. (Global Infrastructure).
[DatePublished] => 2004-05-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 250083 [Title] => Malaysias Danaharta rejects deal between Ispat, NSC creditor banks [Summary] => Malaysias Pengurusan Danaharta Nasional Berhad has informed the creditor banks of National Steel Corp. (NSC) that it is "objecting to and rejecting" the deal with the ispat Group of India.
Creditor bank sources confirmed yesterday that they had received a fax letter from Danaharta "objecting to and rejecting" the Ispat deal.
The creditor banks have not yet met formally as a group to discuss this new development, sources said.
[DatePublished] => 2004-05-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 183596 [Title] => Malaysians, banks agree on NSC rehab [Summary] => The Malaysian owners and the local creditor banks of the National Steel Corp. (NSC) are finally set to sign tomorrow a debt restructuring agreement expected to pave the way for the rehabilitation of the beleaguered steel firm. [DatePublished] => 2002-11-12 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 178872 [Title] => Malaysians, banks iron out kinks in proposed NSC rehab [Summary] => Malaysias debt restructuring firm Pengurusan Danaharta Nasional Berhad and the creditor banks of the National Steel Corp. (NSC) are again trying to iron out another kink in their talks over the rehabilitation of the mothballed steel firm.
Trade and Industry Secretary Manuel Roxas II said over the weekend that Danaharta is asking for a lockout period of between three to five years before any assets of the NSC can be disposed.
[DatePublished] => 2002-10-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 174026 [Title] => Malaysians, banks agree on crucial issues on NSC debt restructuring [Summary] => Malaysian holding firm Pengurusan Danaharta Nasional Berhad and local creditor banks have agreed on four crucial issues on debt restructuring and debt-to-equity conversion agreement for the beleaguered National Steel Corp. (NSC).
Trade and Industry Secretary Manuel Roxas II said yesterday that Danaharta, the consortium of local creditor banks and the liquidators of NSC reached a verbal agreement in Kuala Lumpur last week.
[DatePublished] => 2002-08-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 171250 [Title] => Malaysians, banks near accord on NSC rehab [Summary] => Trade and Industry Secretary Manuel Roxas II expressed optimism yesterday that the creditor banks of National Steel Corp. (NSC) will agree to allow Pengurusan Danaharta Nasional Berhad equal voting rights in NSC even after a dilution of Danahartas shares in the steel firm.
"We seem to have bridged a few of the items, so hopefully, the banks will not insist on having full say on all matters," Roxas said.
[DatePublished] => 2002-08-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 171019 [Title] => Roxas urges NSC creditors to settle dispute with Malaysians [Summary] => Trade and Industry Secretary Manuel Roxas II will meet anew with creditor banks of the National Steel Corp. (NSC) to urge them to settle their dispute with the Malaysian owners of NSC over the request of the Malaysians for voting rights regarding any corporate life-changing decision to be taken in the board.
The debt restructuring of NSC is dependent on all of the creditor banks, as well as the Malaysian owners, to agree to a debt haircut and debt-to-equity conversion.
[DatePublished] => 2002-08-06 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 165802 [Title] => NSC rehab may finally push through [Summary] => A debt restructuring of National Steel Corp.s (NSC) P16 billion debt may finally be reached if the consortium of local banks agree to a debt-write down of at least P6 billion and if NSCs majority owner, Pengurusan Danaharta Nasional Berhad, agrees to a corresponding write-down of $600 million of its $800 million investment in the mothballed steel firm.
"The creditor banks and Danaharta are close to signing a memorandum of agreement (MOA) on the debt restructuring of NSCs debt," industry sources disclosed over the weekend.
[DatePublished] => 2002-06-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Marianne V. Go | June 21, 2004 - 12:00am
By Rocel Felix | May 24, 2004 - 12:00am
By Ted P. Torres | May 19, 2004 - 12:00am
By Marianne V. Go | May 15, 2004 - 12:00am
By Marianne V. Go | November 12, 2002 - 12:00am
By Marianne V. Go | October 7, 2002 - 12:00am
By Marianne V. Go | August 30, 2002 - 12:00am
By Marianne V. Go | August 8, 2002 - 12:00am
By Marianne V. Go | August 6, 2002 - 12:00am
By Marianne V. Go | June 24, 2002 - 12:00am
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