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                    [ArticleID] => 150705
                    [Title] => Reynolds gets Metrobank nod for restructuring program
                    [Summary] => Reynolds Philippines Corp. (RPC) has secured the approval of its second largest creditor, Metropolitan Bank and Trust Co., its financial restructuring program anchored on a debt-to-equity conversion.


                    [DatePublished] => 2002-02-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 148290
                    [Title] => Bank OKs rehab plan for Reynolds
                    [Summary] => Asiatrust Bank has approved a rehabilitation and financial restructuring plan aimed at reviving the beleaguered aluminum manufacturer, Reynolds Philippines Corp. (RPC).


In a disclosure to the Philippine Stock Exchange (PSE), RPC said Asiatrust is the second creditor to approve the plan. The first was Land Bank of the Philippines.


RPC senior vice president Jose Cervantes said the company’s financial adviser, Penta Capital Investment Corp., has expressed confidence that it would be able to get the approval of at least 67 percent of RPC’s creditor banks.


                    [DatePublished] => 2002-01-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [2] => Array
                (
                    [ArticleID] => 132861
                    [Title] => Landbank gets exemption from tender offer rule
                    [Summary] => The Securities and Exchange Commission (SEC) has waived the mandatory tender offer rule in the acquisition of a 36.7-percent stake in aluminum maker Reynolds Philippines Corp. by the Land Bank of the Philippines (LBP).


                    [DatePublished] => 2001-09-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 96377
                    [Title] => SEC to let PSE decide on Reynolds stock issue
                    [Summary] => The Securities and Exchange Commission (SEC) is likely leave it up to the Philippine Stock Exchange (PSE) to decide on the Reynolds stock trading case, which involved a BW-like stock price manipulation last year.


This as SEC officials said they are not aware of any appeal made to the Commission by one of the eight brokerage firms tagged in the price rigging of aluminum manufacturer Reynolds Philippines Corp.


"We have not yet received any appeal but I think the PSE has ruled on the case; it’s now up to them." SEC Chairperson Lilia Bautista said.


                    [DatePublished] => 2001-03-14 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 96331
                    [Title] => Reynolds issue to serve as test case for stock exchange
                    [Summary] => After failing to pass the test on the BW Resources trading scam, the Philippine Stock Exchange will next gauge its effectiveness as a self-regulatory organization (SRO) as soon as the Securities and Exchange Commission issues its ruling on an appeal made by a brokerage firm implicated in another trading anomaly.


                    [DatePublished] => 2001-03-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                (
                    [ArticleID] => 98716
                    [Title] => PSE set to turn over RPC probe results to SEC
                    [Summary] => The Philippine Stock Exchange is ready to turn over to the Securities and Exchange Commission its records on the probe of trading anomalies in aluminum maker Reynolds Philippines Corp. by next week, PSE president Ramon T. Garcia said.


The investigation wraps up almost four months of work initiated by the PSE’s compliance and surveillance group (CSG) which documented price manipulation schemes in RPC deals from mid-May to early July this year.


                    [DatePublished] => 2000-11-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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REYNOLDS PHILIPPINES CORP

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                    [ArticleID] => 150705
                    [Title] => Reynolds gets Metrobank nod for restructuring program
                    [Summary] => Reynolds Philippines Corp. (RPC) has secured the approval of its second largest creditor, Metropolitan Bank and Trust Co., its financial restructuring program anchored on a debt-to-equity conversion.


                    [DatePublished] => 2002-02-15 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
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                (
                    [ArticleID] => 148290
                    [Title] => Bank OKs rehab plan for Reynolds
                    [Summary] => Asiatrust Bank has approved a rehabilitation and financial restructuring plan aimed at reviving the beleaguered aluminum manufacturer, Reynolds Philippines Corp. (RPC).


In a disclosure to the Philippine Stock Exchange (PSE), RPC said Asiatrust is the second creditor to approve the plan. The first was Land Bank of the Philippines.


RPC senior vice president Jose Cervantes said the company’s financial adviser, Penta Capital Investment Corp., has expressed confidence that it would be able to get the approval of at least 67 percent of RPC’s creditor banks.


                    [DatePublished] => 2002-01-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 132861
                    [Title] => Landbank gets exemption from tender offer rule
                    [Summary] => The Securities and Exchange Commission (SEC) has waived the mandatory tender offer rule in the acquisition of a 36.7-percent stake in aluminum maker Reynolds Philippines Corp. by the Land Bank of the Philippines (LBP).


                    [DatePublished] => 2001-09-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 96377
                    [Title] => SEC to let PSE decide on Reynolds stock issue
                    [Summary] => The Securities and Exchange Commission (SEC) is likely leave it up to the Philippine Stock Exchange (PSE) to decide on the Reynolds stock trading case, which involved a BW-like stock price manipulation last year.


This as SEC officials said they are not aware of any appeal made to the Commission by one of the eight brokerage firms tagged in the price rigging of aluminum manufacturer Reynolds Philippines Corp.


"We have not yet received any appeal but I think the PSE has ruled on the case; it’s now up to them." SEC Chairperson Lilia Bautista said.


                    [DatePublished] => 2001-03-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 96331
                    [Title] => Reynolds issue to serve as test case for stock exchange
                    [Summary] => After failing to pass the test on the BW Resources trading scam, the Philippine Stock Exchange will next gauge its effectiveness as a self-regulatory organization (SRO) as soon as the Securities and Exchange Commission issues its ruling on an appeal made by a brokerage firm implicated in another trading anomaly.


                    [DatePublished] => 2001-03-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 98716
                    [Title] => PSE set to turn over RPC probe results to SEC
                    [Summary] => The Philippine Stock Exchange is ready to turn over to the Securities and Exchange Commission its records on the probe of trading anomalies in aluminum maker Reynolds Philippines Corp. by next week, PSE president Ramon T. Garcia said.


The investigation wraps up almost four months of work initiated by the PSE’s compliance and surveillance group (CSG) which documented price manipulation schemes in RPC deals from mid-May to early July this year.


                    [DatePublished] => 2000-11-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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)

abtest

Reynolds gets Metrobank nod for restructuring program

By Christina Mendez | February 15, 2002 - 12:00am

Reynolds Philippines Corp. (RPC) has secured the approval of its second largest creditor, Metropolitan Bank and Trust Co., its financial restructuring program anchored on a debt-to-equity conversion.

Business

Bank OKs rehab plan for Reynolds

By Des Ferriols | January 25, 2002 - 12:00am

Asiatrust Bank has approved a rehabilitation and financial restructuring plan aimed at reviving the beleaguered aluminum manufacturer, Reynolds Philippines Corp. (RPC). In a disclosure to the Philippine Stock Exchange...

Business

Landbank gets exemption from tender offer rule

September 7, 2001 - 12:00am

The Securities and Exchange Commission (SEC) has waived the mandatory tender offer rule in the acquisition of a 36.7-percent stake in aluminum maker Reynolds Philippines Corp. by the Land Bank of the Philippines...

Business

SEC to let PSE decide on Reynolds stock issue

March 14, 2001 - 12:00am

The Securities and Exchange Commission (SEC) is likely leave it up to the Philippine Stock Exchange (PSE) to decide on the Reynolds stock trading case, which involved a BW-like stock price manipulation last year. This...

Business

Reynolds issue to serve as test case for stock exchange

March 7, 2001 - 12:00am

After failing to pass the test on the BW Resources trading scam, the Philippine Stock Exchange will next gauge its effectiveness as a self-regulatory organization (SRO) as soon as the Securities and Exchange Commission...

Business

PSE set to turn over RPC probe results to SEC

By Christina Mendez | November 3, 2000 - 12:00am

The Philippine Stock Exchange is ready to turn over to the Securities and Exchange Commission its records on the probe of trading anomalies in aluminum maker Reynolds Philippines Corp. by next week, PSE president...

Business