+ Follow WESTMONT BANK Tag
Array
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[0] => Array
(
[ArticleID] => 237563
[Title] => S’pore’s 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
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[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 208251
[Title] => Realignments
[Summary] => Bank notes 1: There’s talk that Finance Secretary Jose Isidro Camacho has already given his nod to the successor of Customs Commissioner Antonio Bernardo. The replacement is an alumnus of the Philippine Military Academy.
As everybody knows, Lito Camacho and Tony Bernardo have known each other since their high school days at Don Bosco.
It is also not a secret that Mr. Bernardo intends to run for political office, either as mayor or congressman, in Mandaluyong next year.
[DatePublished] => 2003-05-31 00:00:00
[ColumnID] => 135040
[Focus] => 0
[AuthorID] => 1488513
[AuthorName] => Margaret Jao-Grey
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 199872
[Title] => Albano wants Congress to summon UOBL chairman
[Summary] => Isabela Rep. Rodolfo Albano, has sought the inclusion of Wee Cho Yaw, Forbes Magazine-listed billionaire and chairman of the Singapore-based United Overseas Bank Limited, in the congressional inquiry into the alleged violation of the constitution, anti-dummy and banking laws during the leverage buyout of the former Westmont Bank by UOBL.
[DatePublished] => 2003-03-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 195101
[Title] => UOBP says Farmix-Espiritu row won’t affect its operations
[Summary] => United Overseas Bank of the Philippines’ (UOBP) operations will not be affected by the current row between former business partners Farmix Fertilizer Group and the Espiritu Group.
"This is a commercial matter that is now pending with the courts and has no bearing on the bank’s operations," UOBP said in a statement.
The case stems from a question of how much Farmix is entitled to as its share from certain UOBP receivables that UOBP used as basis in buying out the remaining shares of the Espiritu Group last year.
[DatePublished] => 2003-02-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 194118
[Title] => UOBL head in hot water
[Summary] => A Manila court has ordered the deposition of the chairman of the United Overseas Bank Ltd. (UOBL) of Singapore on the controversial buyout deal of the Singaporean investors of the former Westmont Bank now operating under the name United Overseas Bank of the Philippines (UOPB).
[DatePublished] => 2003-02-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[5] => Array
(
[ArticleID] => 187202
[Title] => Row among UOBP owners deepens
[Summary] => The dispute between two factions of former owners of the United Overseas Bank of the Philippines (UOBP) turned from bad to worse amid charges of alleged opportunism by the minority shareholders.
Lawyer Francis Lim, senior partner of the ACCRA Law and legal counsel for the controlling Espiritu-Tan Caktiong Group, accused the Farmix Group of illegally increasing their 7.66-percent stake in UOBP, formerly known as Westmont Bank, to 10.36 percent.
[DatePublished] => 2002-12-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 186816
[Title] => RTC tells UOBP to disclose details of buyout deal
[Summary] => The Manila Regional Trial Court (RTC) has ordered officials of the United Overseas Bank of the Philippines (UOBP) to disclose the settlement agreement for the buy-out by the Singaporean investors of the former Westmont Bank.
Aside from an examination and copying of the settlement accord, the court also ordered that deposition on details of the deal be taken from UOBP president Chua Teng Hui, Jollibee chairman and president Tony Tan Caktiong, and businessman John Espiritu.
[DatePublished] => 2002-12-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => 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] =>
)
[8] => Array
(
[ArticleID] => 183769
[Title] => BSP asked to bare UOBP buyout deal
[Summary] => A group of minority stockholders in United Overseas Bank of the Philippines (UOBP) has asked the Bangko Sentral ng Pilipinas (BSP) to compel the bank officers to disclose the reported buyout settlement entered into by the Singaporean United Overseas Bank Ltd. (UOBL) with the group of former Finance Secretary Edgardo Espiritu.
[DatePublished] => 2002-11-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 167760
[Title] => UOB completes buyout, readies capital hike
[Summary] => United Overseas Bank Ltd. (UOBL), Singapore’s largest private bank, formally acquired the remaining Filipino shareholdings in United Overseas Bank Philippines (UOBP) last Friday night and is now readying the infusion of more funds into UOBP to reposition its local operations and support its growth and capitalize on market opportunities.
"The agreement was beneficial to all the parties and certainly to UOBP which can now concentrate on building up its business as a commercial bank," the Singaporean and Filipino partners said in a joint statement.
[DatePublished] => 2002-07-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
WESTMONT BANK
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 237563
[Title] => S’pore’s 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] => 208251
[Title] => Realignments
[Summary] => Bank notes 1: There’s talk that Finance Secretary Jose Isidro Camacho has already given his nod to the successor of Customs Commissioner Antonio Bernardo. The replacement is an alumnus of the Philippine Military Academy.
As everybody knows, Lito Camacho and Tony Bernardo have known each other since their high school days at Don Bosco.
It is also not a secret that Mr. Bernardo intends to run for political office, either as mayor or congressman, in Mandaluyong next year.
[DatePublished] => 2003-05-31 00:00:00
[ColumnID] => 135040
[Focus] => 0
[AuthorID] => 1488513
[AuthorName] => Margaret Jao-Grey
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 199872
[Title] => Albano wants Congress to summon UOBL chairman
[Summary] => Isabela Rep. Rodolfo Albano, has sought the inclusion of Wee Cho Yaw, Forbes Magazine-listed billionaire and chairman of the Singapore-based United Overseas Bank Limited, in the congressional inquiry into the alleged violation of the constitution, anti-dummy and banking laws during the leverage buyout of the former Westmont Bank by UOBL.
[DatePublished] => 2003-03-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 195101
[Title] => UOBP says Farmix-Espiritu row won’t affect its operations
[Summary] => United Overseas Bank of the Philippines’ (UOBP) operations will not be affected by the current row between former business partners Farmix Fertilizer Group and the Espiritu Group.
"This is a commercial matter that is now pending with the courts and has no bearing on the bank’s operations," UOBP said in a statement.
The case stems from a question of how much Farmix is entitled to as its share from certain UOBP receivables that UOBP used as basis in buying out the remaining shares of the Espiritu Group last year.
[DatePublished] => 2003-02-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 194118
[Title] => UOBL head in hot water
[Summary] => A Manila court has ordered the deposition of the chairman of the United Overseas Bank Ltd. (UOBL) of Singapore on the controversial buyout deal of the Singaporean investors of the former Westmont Bank now operating under the name United Overseas Bank of the Philippines (UOPB).
[DatePublished] => 2003-02-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[5] => Array
(
[ArticleID] => 187202
[Title] => Row among UOBP owners deepens
[Summary] => The dispute between two factions of former owners of the United Overseas Bank of the Philippines (UOBP) turned from bad to worse amid charges of alleged opportunism by the minority shareholders.
Lawyer Francis Lim, senior partner of the ACCRA Law and legal counsel for the controlling Espiritu-Tan Caktiong Group, accused the Farmix Group of illegally increasing their 7.66-percent stake in UOBP, formerly known as Westmont Bank, to 10.36 percent.
[DatePublished] => 2002-12-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 186816
[Title] => RTC tells UOBP to disclose details of buyout deal
[Summary] => The Manila Regional Trial Court (RTC) has ordered officials of the United Overseas Bank of the Philippines (UOBP) to disclose the settlement agreement for the buy-out by the Singaporean investors of the former Westmont Bank.
Aside from an examination and copying of the settlement accord, the court also ordered that deposition on details of the deal be taken from UOBP president Chua Teng Hui, Jollibee chairman and president Tony Tan Caktiong, and businessman John Espiritu.
[DatePublished] => 2002-12-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => 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] =>
)
[8] => Array
(
[ArticleID] => 183769
[Title] => BSP asked to bare UOBP buyout deal
[Summary] => A group of minority stockholders in United Overseas Bank of the Philippines (UOBP) has asked the Bangko Sentral ng Pilipinas (BSP) to compel the bank officers to disclose the reported buyout settlement entered into by the Singaporean United Overseas Bank Ltd. (UOBL) with the group of former Finance Secretary Edgardo Espiritu.
[DatePublished] => 2002-11-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 167760
[Title] => UOB completes buyout, readies capital hike
[Summary] => United Overseas Bank Ltd. (UOBL), Singapore’s largest private bank, formally acquired the remaining Filipino shareholdings in United Overseas Bank Philippines (UOBP) last Friday night and is now readying the infusion of more funds into UOBP to reposition its local operations and support its growth and capitalize on market opportunities.
"The agreement was beneficial to all the parties and certainly to UOBP which can now concentrate on building up its business as a commercial bank," the Singaporean and Filipino partners said in a joint statement.
[DatePublished] => 2002-07-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
February 4, 2004 - 12:00am
February 12, 2003 - 12:00am
February 4, 2003 - 12:00am
December 9, 2002 - 12:00am
December 6, 2002 - 12:00am
November 22, 2002 - 12:00am
November 13, 2002 - 12:00am
