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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 237563 [Title] => Spores UOBL ordered to pay minority stockholders [Summary] => The Manila Regional Trial Court has ordered the Singapore-based United Overseas Bank Ltd. (UOBL) to pay P135.6 million in damages to a group of minority stockholders led by the Farmix group.
In his order, RTC judge Artemio Tipon said the minority group should be awarded its proportionate share in the proceeds of the sale of Westmont Bank to UOBL, including interest.
UOBL acquired a 60 percent controlling stake in Westmont Bank, owned by the group of former Finance Secretary Edgardo Espiritu, in 1999 through a leveraged buy-out.
[DatePublished] => 2004-02-04 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 210943 [Title] => UOBL disputes legal basis of Farmixs derivative suit [Summary] => The United Overseas Bank Ltd. (UOBL) of Singapore said the legal action taken by the Farmix group should not have been focused on its subsidiary, the United Overseas Bank of the Philippines (UOBP).
Rather the dispute was actually between the two factions within the minority shareholders in UOBP, the Espiritu and the Farmix groups.
[DatePublished] => 2003-06-21 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 184982 [Title] => Farmix to blame for being left out of UOB deal lawyer [Summary] => The Farmix Group has only itself to blame for being left out in the buyout transaction between the Espiritu Group and the United Overseas Bank Ltd. (UOBL), a prominent corporate counsel said yesterday.
Lawyer Francis Lim of the ACCRA Law Office representing the Espiritu and Tan Caktiong Groups, issued the statement in reaction to accusations by Farmix that it was excluded from the buyout deal.
[DatePublished] => 2002-11-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
UOBL
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 237563 [Title] => Spores UOBL ordered to pay minority stockholders [Summary] => The Manila Regional Trial Court has ordered the Singapore-based United Overseas Bank Ltd. (UOBL) to pay P135.6 million in damages to a group of minority stockholders led by the Farmix group.
In his order, RTC judge Artemio Tipon said the minority group should be awarded its proportionate share in the proceeds of the sale of Westmont Bank to UOBL, including interest.
UOBL acquired a 60 percent controlling stake in Westmont Bank, owned by the group of former Finance Secretary Edgardo Espiritu, in 1999 through a leveraged buy-out.
[DatePublished] => 2004-02-04 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 210943 [Title] => UOBL disputes legal basis of Farmixs derivative suit [Summary] => The United Overseas Bank Ltd. (UOBL) of Singapore said the legal action taken by the Farmix group should not have been focused on its subsidiary, the United Overseas Bank of the Philippines (UOBP).
Rather the dispute was actually between the two factions within the minority shareholders in UOBP, the Espiritu and the Farmix groups.
[DatePublished] => 2003-06-21 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 184982 [Title] => Farmix to blame for being left out of UOB deal lawyer [Summary] => The Farmix Group has only itself to blame for being left out in the buyout transaction between the Espiritu Group and the United Overseas Bank Ltd. (UOBL), a prominent corporate counsel said yesterday.
Lawyer Francis Lim of the ACCRA Law Office representing the Espiritu and Tan Caktiong Groups, issued the statement in reaction to accusations by Farmix that it was excluded from the buyout deal.
[DatePublished] => 2002-11-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
February 4, 2004 - 12:00am
By Ted P. Torres | June 21, 2003 - 12:00am
November 22, 2002 - 12:00am
Recommended
A businessman, tagged as a suspect in the shooting of three people in Calapan City, including the assistant Land Transportation Office district chief, surrendered to the National Bureau of Investigation in Oriental Mindoro yesterday.
18 hours ago
Sen. Sherwin Gatchalian yesterday belied reports that he was involved in the illegal entry of a Cadillac Escalade at the Edsa bus lane on Sunday night.
1 day ago
A heated argument over a routine Land Transport Office checkpoint inspection led to the shooting of the LTO assistant district chief in Calapan, Oriental Mindoro and two businessmen, one of whom succumbed to a gunshot wound.
1 day ago
Describing himself as a law-abiding public servant, Sen. Sherwin Gatchalian broke his silence yesterday about the involvement of his family in the Cadillac vehicle with a Senate protocol plate that illegally entered the EDSA busway.
2 days ago
The luxury vehicle bearing the Senate protocol plate “7” that was flagged down along the EDSA bus lane is a vehicle registered with the Gatchalians, according to the Land Transportation Office.
3 days ago
Lotto Nov 9, 2024
EZ2/LVM - 8 16
SUERTRES - 6 5 2
6D Lotto - 1 8 3 0 1 7
6/42 - 37 6 7 18 9 27
P6,627,798.00
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P108,392,002.00
Forex
February 12, 2018
- 12:00 am
- 12:00 am
1$ : P51.66