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                    [Title] => Rehab talks with creditors going on smoothly — Nenaco officials
                    [Summary] => Initial talks with its creditors over Negros Navigation Co. (Nenaco)’s petition for corporate rehabilitation plan earlier filed with the Manila Regional Trial court were proceeding beyond expectations, company officials revealed.


"Nearly all creditors with whom we have been in discussions with so far have indicated their support of our plan. They recognize that this is a crucial step to fundamentally addressing the debts we have been carrying for many years, and putting the company on a sound financial footing for the future," a senior Nenaco official said.


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                    [ArticleID] => 245853
                    [Title] => Rehab talks with creditors going on smoothly — Nenaco officials
                    [Summary] => Initial talks with its creditors over Negros Navigation Co. (Nenaco)’s petition for corporate rehabilitation plan earlier filed with the Manila Regional Trial court were proceeding beyond expectations, company officials revealed.


"Nearly all creditors with whom we have been in discussions with so far have indicated their support of our plan. They recognize that this is a crucial step to fundamentally addressing the debts we have been carrying for many years, and putting the company on a sound financial footing for the future," a senior Nenaco official said.


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Rehab talks with creditors going on smoothly — Nenaco officials

April 12, 2004 - 12:00am

Initial talks with its creditors over Negros Navigation Co. (Nenaco)’s petition for corporate rehabilitation plan earlier filed with the Manila Regional Trial court were proceeding beyond expectations, company...

Business