+ Follow WESTMONT INVESTMENT CORP Tag
Array
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[results] => Array
(
[0] => Array
(
[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
[URL] =>
)
[1] => Array
(
[ArticleID] => 223355
[Title] => Unioil sets reorg to wipe out deficiency
[Summary] => Unioil Resources & Holdings Co. Inc. will undertake a corporate reorganization to wipe out its capital deficiency, the company told the Philippine Stock Exchange.
Unioil said its board of directors approved in a meeting held last week a plan to transfer the firm’s shares in Westmont Investment Corp. to a yet-to-be-formed company. Wincorp., a wholly-owned investment house subsidiary of Unioil, has been experiencing financial problems due to the withdrawal of investments of its investors.
[DatePublished] => 2003-10-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 197623
[Title] => Ageing very fast
[Summary] => Philippine Long Distance Telephone Co. president and chief executive officer Manuel Pangilinan admits he has aged several years in the 12 months of 2002 – and this year is going to be more of the same.
[DatePublished] => 2003-03-04 00:00:00
[ColumnID] => 135040
[Focus] => 0
[AuthorID] => 1488513
[AuthorName] => Margaret Jao-Grey
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 195328
[Title] => Ebecom gets SEC nod to hike capital from P10-M to P400-M
[Summary] => Ebecom Holdings Inc. has obtained the approval of the Securities and Exchange Commission to increase its authorized capital to P400 million from only P10 million, thus paving the way for its planned stock rights offering.
The company intends to issue 97.5 million shares to its stockholders at P1 per share. All shareholders as of Sept. 18 can buy 11 shares for every one share held.
Asian Alliance Investment Corp. was tapped as lead underwriter for the issue.
[DatePublished] => 2003-02-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 165188
[Title] => No BSP nod for P1.4-B loan transfer — UOBP
[Summary] => The Filipino shareholders of the then troubled Westmont Bank transferred to themselves the controversial P1.4 billion in loans at a Nov. 23, 1999 board meeting, contrary to their allegations that it was done by United Overseas Bank (UOB) of Singapore.
Westmont Bank, then under the control of the Espiritu group, represented and warranted to UOB that the transfer of the loans was legal and valid and that all the necessary approvals had been secured from the BSP, United Overseas Bank of the Philippines (UOBP) said in a statement.
[DatePublished] => 2002-06-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 95763
[Title] => NFA auctions off 100,000 MT rice
[Summary] => The National Food Authority auctioned off the other Friday more than 100,000 metric tons of rice it got as a commodity loan from the US bids ranging from P590 to P848 per bag.
The bids had been accepted but still need to be approved by the NFA administrator. The amount to be raised would be used to fund various government agriculture-related projects.
The shipment, according to a report quoting Coast Guard Cdr. Luis Tuason Jr., had been allegedly smuggled and was seized inland in Batangas last week.
[DatePublished] => 2001-04-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 99148
[Title] => Pearlbank head refutes allegations of Wincorp
[Summary] =>
Pearlbank Securities, one of alleged borrowers of distraught investment house
Westmont Investment Corp.
[DatePublished] => 2000-05-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 99055
[Title] => Wincorp asks SEC to recall CDO
[Summary] =>
Westmont Investment Corp. is asking the Securities and Exchange Commission to
scrap a cease and desist order (CDO) preventing the company (Wincorp) from
continuing its operations.
Legal counsels for Wincorp, Romulo Serrano & Carmello Law Offices filed a
motion for reconsideration with the SEC, and asked to be furnished documents to
justify the issuance of a CDO.
The SEC last week slammed the CDO on Wincorp, preventing it from further
soliciting and issuing commercial papers.
[DatePublished] => 2000-05-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 98992
[Title] => Wincorp wants probe by SEC, not BSP
[Summary] =>
Troubled investment house Westmont Investment Corp.
[DatePublished] => 2000-05-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 98881
[Title] => Wincorp asked to answer charges
[Summary] =>
Collapsed investment house Westmont Investment Corp. (Wincorp) will be asked to
submit its comments on charges it broke existing rules on the issuance of
commercial papers.
An SEC official said Wincorp should be able to justify why its operations
should not be suspended.
[DatePublished] => 2000-05-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
WESTMONT INVESTMENT CORP
Array
(
[results] => Array
(
[0] => Array
(
[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
[URL] =>
)
[1] => Array
(
[ArticleID] => 223355
[Title] => Unioil sets reorg to wipe out deficiency
[Summary] => Unioil Resources & Holdings Co. Inc. will undertake a corporate reorganization to wipe out its capital deficiency, the company told the Philippine Stock Exchange.
Unioil said its board of directors approved in a meeting held last week a plan to transfer the firm’s shares in Westmont Investment Corp. to a yet-to-be-formed company. Wincorp., a wholly-owned investment house subsidiary of Unioil, has been experiencing financial problems due to the withdrawal of investments of its investors.
[DatePublished] => 2003-10-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 197623
[Title] => Ageing very fast
[Summary] => Philippine Long Distance Telephone Co. president and chief executive officer Manuel Pangilinan admits he has aged several years in the 12 months of 2002 – and this year is going to be more of the same.
[DatePublished] => 2003-03-04 00:00:00
[ColumnID] => 135040
[Focus] => 0
[AuthorID] => 1488513
[AuthorName] => Margaret Jao-Grey
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 195328
[Title] => Ebecom gets SEC nod to hike capital from P10-M to P400-M
[Summary] => Ebecom Holdings Inc. has obtained the approval of the Securities and Exchange Commission to increase its authorized capital to P400 million from only P10 million, thus paving the way for its planned stock rights offering.
The company intends to issue 97.5 million shares to its stockholders at P1 per share. All shareholders as of Sept. 18 can buy 11 shares for every one share held.
Asian Alliance Investment Corp. was tapped as lead underwriter for the issue.
[DatePublished] => 2003-02-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 165188
[Title] => No BSP nod for P1.4-B loan transfer — UOBP
[Summary] => The Filipino shareholders of the then troubled Westmont Bank transferred to themselves the controversial P1.4 billion in loans at a Nov. 23, 1999 board meeting, contrary to their allegations that it was done by United Overseas Bank (UOB) of Singapore.
Westmont Bank, then under the control of the Espiritu group, represented and warranted to UOB that the transfer of the loans was legal and valid and that all the necessary approvals had been secured from the BSP, United Overseas Bank of the Philippines (UOBP) said in a statement.
[DatePublished] => 2002-06-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 95763
[Title] => NFA auctions off 100,000 MT rice
[Summary] => The National Food Authority auctioned off the other Friday more than 100,000 metric tons of rice it got as a commodity loan from the US bids ranging from P590 to P848 per bag.
The bids had been accepted but still need to be approved by the NFA administrator. The amount to be raised would be used to fund various government agriculture-related projects.
The shipment, according to a report quoting Coast Guard Cdr. Luis Tuason Jr., had been allegedly smuggled and was seized inland in Batangas last week.
[DatePublished] => 2001-04-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 99148
[Title] => Pearlbank head refutes allegations of Wincorp
[Summary] =>
Pearlbank Securities, one of alleged borrowers of distraught investment house
Westmont Investment Corp.
[DatePublished] => 2000-05-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 99055
[Title] => Wincorp asks SEC to recall CDO
[Summary] =>
Westmont Investment Corp. is asking the Securities and Exchange Commission to
scrap a cease and desist order (CDO) preventing the company (Wincorp) from
continuing its operations.
Legal counsels for Wincorp, Romulo Serrano & Carmello Law Offices filed a
motion for reconsideration with the SEC, and asked to be furnished documents to
justify the issuance of a CDO.
The SEC last week slammed the CDO on Wincorp, preventing it from further
soliciting and issuing commercial papers.
[DatePublished] => 2000-05-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 98992
[Title] => Wincorp wants probe by SEC, not BSP
[Summary] =>
Troubled investment house Westmont Investment Corp.
[DatePublished] => 2000-05-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 98881
[Title] => Wincorp asked to answer charges
[Summary] =>
Collapsed investment house Westmont Investment Corp. (Wincorp) will be asked to
submit its comments on charges it broke existing rules on the issuance of
commercial papers.
An SEC official said Wincorp should be able to justify why its operations
should not be suspended.
[DatePublished] => 2000-05-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
October 7, 2003 - 12:00am
