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                    [ArticleID] => 1275187
                    [Title] => Steniel selling packaging unit based in Mindanao
                    [Summary] => 
Steniel Manufacturing Corp. is selling a Mindanao-based industrial packaging firm, its only operating unit, to several companies.

                    [DatePublished] => 2014-01-05 00:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 1538806
                    [AuthorName] => Neil Jerome C. Morales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
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                    [ArticleID] => 77344
                    [Title] => Cavite RTC junks Steniel petition
                    [Summary] => 
            
                    [DatePublished] => 2008-08-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 346032
                    [Title] => Steniel shareholders approve rehab plan
                    [Summary] => Shareholders of publicly-listed Steniel Manufacturing Corp. have given their approval on the debt-strapped packaging firm’s plan to go into rehabilitation.


In a disclosure to the Philippine Stock Exchange, Steniel said "shareholders, representing at least two thirds of the company’s issued and outstanding capital stock, authorized the company to enter into rehabilitation proceedings."  


Steniel owes banks about P700 million in loans.  With interest, the company’s debt reaches up to P850 million.


                    [DatePublished] => 2006-07-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 194955
                    [Title] => Steniel creditors agree to loan restructuring
                    [Summary] => The major creditor banks of listed packaging firm Steniel Manufacturing Corp. have agreed to a restructuring of the company’s existing loans by way of lower amortization and the extension of the principal payment period.


The company informed the Philippine Stock Exchange (PSE) that it has struck an agreement with the banking consortium made up of Metrobank, Chinatrust Phils. and BPI-Family Savings Bank to amend omnibus loan agreement dated Nov. 10, 2000.


                    [DatePublished] => 2003-02-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
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                    [ArticleID] => 179139
                    [Title] => Steniel to restructure P851.5-million loans
                    [Summary] => Publicly-listed packaging firm Steniel Manufacturing Corp. is negotiating with its creditor banks for the restructuring of about P851.5 million in loans ahead of the Oct. 10, 2002 deadline for its payment, a company official told the Philippine Stock Exchange.


Steniel’s corporate information officer Nicanor Juan Montoya said the company received a notice of default last Sept. 30 declaring the entire amount due and payable on or before Oct. 10, as stipulated in the Nov. 10, 2000 omnibus agreement entered with the various lender banks.


                    [DatePublished] => 2002-10-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 97989
                    [Title] => SEC asked to approve block  sale of P426-M Steniel shares
                    [Summary] => Metro Pacific Corp. (MPC) and Philippine International Paper Corp. (PIPC) have asked the Securities and Exchange Commission (SEC) to approve the block sale of P425.6 million worth of Steniel Manufacturing Corp. shares.


Lawyer Gemma Santos, counsel for both the MPC and PIPC, said that the transaction is "bonafide" and that it "is not intended to mislead or defraud the public." She added that this is a precondition to Silverneedle’s purchase of 72.6 percent of Steniel’s outstanding shares before buying the same shares tendered beforehand.


                    [DatePublished] => 2000-11-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 98713
                    [Title] => Metro Pacific sells Steniel for P425.5 M
                    [Summary] => Metro Pacific Corp., the local unit of Hong Kong’s First Pacific Co. Ltd., has sold its publicly-listed packaging subsidiary Steniel Manufacturing Corp. to regional investment firm CVC Asia Pacific Ltd. for P425.5 million.


"The sale of Steniel is a further step towards MPC achieving its objective of becoming a premier property and real estate development company," MPC president and CEO Ricardo Pascua said.


                    [DatePublished] => 2000-11-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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STENIEL

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                    [ArticleID] => 1275187
                    [Title] => Steniel selling packaging unit based in Mindanao
                    [Summary] => 
Steniel Manufacturing Corp. is selling a Mindanao-based industrial packaging firm, its only operating unit, to several companies.

                    [DatePublished] => 2014-01-05 00:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 1538806
                    [AuthorName] => Neil Jerome C. Morales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                    [ArticleID] => 77344
                    [Title] => Cavite RTC junks Steniel petition
                    [Summary] => 
            
                    [DatePublished] => 2008-08-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 346032
                    [Title] => Steniel shareholders approve rehab plan
                    [Summary] => Shareholders of publicly-listed Steniel Manufacturing Corp. have given their approval on the debt-strapped packaging firm’s plan to go into rehabilitation.


In a disclosure to the Philippine Stock Exchange, Steniel said "shareholders, representing at least two thirds of the company’s issued and outstanding capital stock, authorized the company to enter into rehabilitation proceedings."  


Steniel owes banks about P700 million in loans.  With interest, the company’s debt reaches up to P850 million.


                    [DatePublished] => 2006-07-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 194955
                    [Title] => Steniel creditors agree to loan restructuring
                    [Summary] => The major creditor banks of listed packaging firm Steniel Manufacturing Corp. have agreed to a restructuring of the company’s existing loans by way of lower amortization and the extension of the principal payment period.


The company informed the Philippine Stock Exchange (PSE) that it has struck an agreement with the banking consortium made up of Metrobank, Chinatrust Phils. and BPI-Family Savings Bank to amend omnibus loan agreement dated Nov. 10, 2000.


                    [DatePublished] => 2003-02-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 179139
                    [Title] => Steniel to restructure P851.5-million loans
                    [Summary] => Publicly-listed packaging firm Steniel Manufacturing Corp. is negotiating with its creditor banks for the restructuring of about P851.5 million in loans ahead of the Oct. 10, 2002 deadline for its payment, a company official told the Philippine Stock Exchange.


Steniel’s corporate information officer Nicanor Juan Montoya said the company received a notice of default last Sept. 30 declaring the entire amount due and payable on or before Oct. 10, as stipulated in the Nov. 10, 2000 omnibus agreement entered with the various lender banks.


                    [DatePublished] => 2002-10-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 97989
                    [Title] => SEC asked to approve block  sale of P426-M Steniel shares
                    [Summary] => Metro Pacific Corp. (MPC) and Philippine International Paper Corp. (PIPC) have asked the Securities and Exchange Commission (SEC) to approve the block sale of P425.6 million worth of Steniel Manufacturing Corp. shares.


Lawyer Gemma Santos, counsel for both the MPC and PIPC, said that the transaction is "bonafide" and that it "is not intended to mislead or defraud the public." She added that this is a precondition to Silverneedle’s purchase of 72.6 percent of Steniel’s outstanding shares before buying the same shares tendered beforehand.


                    [DatePublished] => 2000-11-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                (
                    [ArticleID] => 98713
                    [Title] => Metro Pacific sells Steniel for P425.5 M
                    [Summary] => Metro Pacific Corp., the local unit of Hong Kong’s First Pacific Co. Ltd., has sold its publicly-listed packaging subsidiary Steniel Manufacturing Corp. to regional investment firm CVC Asia Pacific Ltd. for P425.5 million.


"The sale of Steniel is a further step towards MPC achieving its objective of becoming a premier property and real estate development company," MPC president and CEO Ricardo Pascua said.


                    [DatePublished] => 2000-11-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
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abtest

Steniel selling packaging unit based in Mindanao

By Neil Jerome C. Morales | January 5, 2014 - 12:00am

Steniel Manufacturing Corp. is selling a Mindanao-based industrial packaging firm, its only operating unit, to several companies.

Business

Cavite RTC junks Steniel petition

By Zinnia B. Dela Peña | August 5, 2008 - 12:00am

Business

Steniel shareholders approve rehab plan

By Zinnia B. Dela Peña | July 7, 2006 - 12:00am

Shareholders of publicly-listed Steniel Manufacturing Corp. have given their approval on the debt-strapped packaging firm’s plan to go into rehabilitation. In a disclosure to the Philippine Stock Exchange,...

Business

Steniel creditors agree to loan restructuring

By Christina Mendez | February 11, 2003 - 12:00am

The major creditor banks of listed packaging firm Steniel Manufacturing Corp. have agreed to a restructuring of the company’s existing loans by way of lower amortization and the extension of the principal payment...

Business

Steniel to restructure P851.5-million loans

By Christina Mendez | October 9, 2002 - 12:00am

Publicly-listed packaging firm Steniel Manufacturing Corp. is negotiating with its creditor banks for the restructuring of about P851.5 million in loans ahead of the Oct. 10, 2002 deadline for its payment, a company...

Business

SEC asked to approve block sale of P426-M Steniel shares

November 24, 2000 - 12:00am

Metro Pacific Corp. (MPC) and Philippine International Paper Corp. (PIPC) have asked the Securities and Exchange Commission (SEC) to approve the block sale of P425.6 million worth of Steniel Manufacturing Corp. shares. Lawyer...

Business

Metro Pacific sells Steniel for P425.5 M

November 1, 2000 - 12:00am

Metro Pacific Corp., the local unit of Hong Kong’s First Pacific Co. Ltd., has sold its publicly-listed packaging subsidiary Steniel Manufacturing Corp. to regional investment firm CVC Asia Pacific Ltd. for...

Business