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                    [ArticleID] => 246352
                    [Title] => Fil-Estate Land to wipe out debts by September
                    [Summary] => Real estate developer Fil-Estate Land Inc. expects to wipe out its debts by the end of September this year through a ‘debt-for-asset’ swap.


Following the company’s stockholders’ meeting yesterday, FELI chief operating officer Roberto Roco said the firm’s debt is now down to P279 million from the original P1.68 billion.


Roco said the full settlement of debt will allow FELI to focus on the development of ongoing and future projects.


                    [DatePublished] => 2004-04-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
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PRINCETON STREET AND SHAW BOULEVARD

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                    [ArticleID] => 246352
                    [Title] => Fil-Estate Land to wipe out debts by September
                    [Summary] => Real estate developer Fil-Estate Land Inc. expects to wipe out its debts by the end of September this year through a ‘debt-for-asset’ swap.


Following the company’s stockholders’ meeting yesterday, FELI chief operating officer Roberto Roco said the firm’s debt is now down to P279 million from the original P1.68 billion.


Roco said the full settlement of debt will allow FELI to focus on the development of ongoing and future projects.


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Fil-Estate Land to wipe out debts by September

By Zinnia B. Dela Peña | April 16, 2004 - 12:00am

Real estate developer Fil-Estate Land Inc. expects to wipe out its debts by the end of September this year through a ‘debt-for-asset’ swap. Following the company’s stockholders’ meeting yesterday,...

Business