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                    [ArticleID] => 236222
                    [Title] => Unioil Resources acts to wipe out deficit
                    [Summary] => Unioil Resources and Holdings Inc. expects to complete the transfer of its shares in Westmont Investment Corp. (Wincorp) to a newly-formed corporation by March, the company told the Philippine Stock Exchange.


The transfer of shares is part of Unioil’s reorganization plan aimed at wiping  its capital deficiency amounting to P133.34 million.


Under the plan, Unioil will transfer all of its shares in Wincorp to a new wholly-owned subsidiary which will have an authorized capital of P400,000, divided into 40 million shares with a par value of P0.01 per share.  


                    [DatePublished] => 2004-01-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
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UNIOIL RESOURCES AND HOLDINGS INC

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                    [ArticleID] => 236222
                    [Title] => Unioil Resources acts to wipe out deficit
                    [Summary] => Unioil Resources and Holdings Inc. expects to complete the transfer of its shares in Westmont Investment Corp. (Wincorp) to a newly-formed corporation by March, the company told the Philippine Stock Exchange.


The transfer of shares is part of Unioil’s reorganization plan aimed at wiping  its capital deficiency amounting to P133.34 million.


Under the plan, Unioil will transfer all of its shares in Wincorp to a new wholly-owned subsidiary which will have an authorized capital of P400,000, divided into 40 million shares with a par value of P0.01 per share.  


                    [DatePublished] => 2004-01-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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abtest

Unioil Resources acts to wipe out deficit

By Zinnia B. Dela Peña | January 24, 2004 - 12:00am

Unioil Resources and Holdings Inc. expects to complete the transfer of its shares in Westmont Investment Corp. (Wincorp) to a newly-formed corporation by March, the company told the Philippine Stock Exchange. The...

Business