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                    [ArticleID] => 175316
                    [Title] => Chinese firm taking control of Primeplan
                    [Summary] => A Chinese firm is taking control of pre-need company Primeplan International Corp. through the infusion of fresh capital to cover the local company’s paid-up capital deficiency.


Emil Aquino, head of the non-traditional department of the Securities and Exchange Commission, said Chinese firm Brighsun will inject the badly-needed capital to enable Primeplan to meet the minimum paid-up capital requirement of P50 million.


Primeplan was given until the end of August to settle its P14.8-million capital deficiency or it faces suspension of its license.


                    [DatePublished] => 2002-09-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 173269
                    [Title] => SEC gives pre-need firm deadline
                    [Summary] => The Securities and Exchange Commission has given pre-need plan firm Primeplan International Corp. until the end of the month to meet the minimum paid-up capital requirement of P50 million.


At present, Primeplan’s paid-up capitalization stands at P35.2 million. Under the SEC rules, a pre-need plan firm must have a paid-up capital of at least P50 million to be able to sell at least one plan type.


Primeplan, which sells pension plans, had 6,336 planholders as of April this year.


                    [DatePublished] => 2002-08-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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PRIMEPLAN

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                    [ArticleID] => 175316
                    [Title] => Chinese firm taking control of Primeplan
                    [Summary] => A Chinese firm is taking control of pre-need company Primeplan International Corp. through the infusion of fresh capital to cover the local company’s paid-up capital deficiency.


Emil Aquino, head of the non-traditional department of the Securities and Exchange Commission, said Chinese firm Brighsun will inject the badly-needed capital to enable Primeplan to meet the minimum paid-up capital requirement of P50 million.


Primeplan was given until the end of August to settle its P14.8-million capital deficiency or it faces suspension of its license.


                    [DatePublished] => 2002-09-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 173269
                    [Title] => SEC gives pre-need firm deadline
                    [Summary] => The Securities and Exchange Commission has given pre-need plan firm Primeplan International Corp. until the end of the month to meet the minimum paid-up capital requirement of P50 million.


At present, Primeplan’s paid-up capitalization stands at P35.2 million. Under the SEC rules, a pre-need plan firm must have a paid-up capital of at least P50 million to be able to sell at least one plan type.


Primeplan, which sells pension plans, had 6,336 planholders as of April this year.


                    [DatePublished] => 2002-08-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Chinese firm taking control of Primeplan

September 9, 2002 - 12:00am

A Chinese firm is taking control of pre-need company Primeplan International Corp. through the infusion of fresh capital to cover the local company’s paid-up capital deficiency. Emil Aquino, head of the non-traditional...

Business

SEC gives pre-need firm deadline

By Zinnia B. Dela Peña | August 24, 2002 - 12:00am

The Securities and Exchange Commission has given pre-need plan firm Primeplan International Corp. until the end of the month to meet the minimum paid-up capital requirement of P50 million. At present, Primeplan’s...

Business