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                    [ArticleID] => 320609
                    [Title] => BDO-led consortium to lend P5B to P10B to Tanduay
                    [Summary] => A consortium of banks led by Banco de Oro is set to lend between P5 billion to P10 billion to Tanduay Distillers Inc. for its expansion.


BDO has reportedly invited Rizal Commercial Banking Corp. (RCBC), Equitable-PCI Bank and China Bank to join the consortium.


The loan signing is scheduled for Friday, Feb. 10.


According to banking sources, the loan would be priced at 75 basis points over Mart 1.


Lucio Tan-owned TDI last year acquired control of two distilleries as part of its plans to increase its capacity.


                    [DatePublished] => 2006-02-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 292999
                    [Title] => Tanduay acquires two liquor firms for P1.25B
                    [Summary] => Tanduay Distillers Inc. (TDI), the liquor unit of tobacco and beer magnate Lucio Tan’s Tanduay Holdings Inc., has paid P1.25 billion for the acquisition of a 90-percent stake in Asian Alcohol  Corp. and Absolute Chemicals Inc.


In a disclosure to the Philippine Stock Exchange, TDI said funding for the aquisitions came from its existing credit lines with local banks amounting to P3 billion.


TDI said Asian Alcohol and Absolute Chemicals will increase their capital stocks to facilitate the entry of TDI.


                    [DatePublished] => 2005-08-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 276370
                    [Title] => Tanduay sets P2-B capex budget for 3 yrs
                    [Summary] => Tanduay Holdings Inc., the liquor concern of the Lucio Tan group, has set aside P2 billion over the next three years for the establishment of a new plant and planned acquisitions.


During the company’s stockholders meeting yesterday, Tan said Tanduay will start this month the construction of a new liquor plant in Cagayan de Oro estimated to cost between P500 million to P1 billion.  


                    [DatePublished] => 2005-05-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 269668
                    [Title] => Tanduay profit jumps 88% to P660M
                    [Summary] => Tanduay Holdings Inc., the hard liquor concern of tobacco and beer magnate Lucio Tan, said its net profit jumped 88 percent to P660 million last year on higher sales. 


In a disclosure to the Philippine Stock Exchange, Tanduay said net sales rose 22 percent to P6.76 billion, largely a result of higher sales volume and the increase in selling prices by 13 percent.  Sales volume increased by nine percent.


                    [DatePublished] => 2005-03-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

ABSOLUTE CHEMICALS INC

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                    [ArticleID] => 320609
                    [Title] => BDO-led consortium to lend P5B to P10B to Tanduay
                    [Summary] => A consortium of banks led by Banco de Oro is set to lend between P5 billion to P10 billion to Tanduay Distillers Inc. for its expansion.


BDO has reportedly invited Rizal Commercial Banking Corp. (RCBC), Equitable-PCI Bank and China Bank to join the consortium.


The loan signing is scheduled for Friday, Feb. 10.


According to banking sources, the loan would be priced at 75 basis points over Mart 1.


Lucio Tan-owned TDI last year acquired control of two distilleries as part of its plans to increase its capacity.


                    [DatePublished] => 2006-02-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 292999
                    [Title] => Tanduay acquires two liquor firms for P1.25B
                    [Summary] => Tanduay Distillers Inc. (TDI), the liquor unit of tobacco and beer magnate Lucio Tan’s Tanduay Holdings Inc., has paid P1.25 billion for the acquisition of a 90-percent stake in Asian Alcohol  Corp. and Absolute Chemicals Inc.


In a disclosure to the Philippine Stock Exchange, TDI said funding for the aquisitions came from its existing credit lines with local banks amounting to P3 billion.


TDI said Asian Alcohol and Absolute Chemicals will increase their capital stocks to facilitate the entry of TDI.


                    [DatePublished] => 2005-08-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 276370
                    [Title] => Tanduay sets P2-B capex budget for 3 yrs
                    [Summary] => Tanduay Holdings Inc., the liquor concern of the Lucio Tan group, has set aside P2 billion over the next three years for the establishment of a new plant and planned acquisitions.


During the company’s stockholders meeting yesterday, Tan said Tanduay will start this month the construction of a new liquor plant in Cagayan de Oro estimated to cost between P500 million to P1 billion.  


                    [DatePublished] => 2005-05-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 269668
                    [Title] => Tanduay profit jumps 88% to P660M
                    [Summary] => Tanduay Holdings Inc., the hard liquor concern of tobacco and beer magnate Lucio Tan, said its net profit jumped 88 percent to P660 million last year on higher sales. 


In a disclosure to the Philippine Stock Exchange, Tanduay said net sales rose 22 percent to P6.76 billion, largely a result of higher sales volume and the increase in selling prices by 13 percent.  Sales volume increased by nine percent.


                    [DatePublished] => 2005-03-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

BDO-led consortium to lend P5B to P10B to Tanduay

By Marianne V. Go | February 8, 2006 - 12:00am

A consortium of banks led by Banco de Oro is set to lend between P5 billion to P10 billion to Tanduay Distillers Inc. for its expansion. BDO has reportedly invited Rizal Commercial Banking Corp. (RCBC), Equitable-PCI...

Business

Tanduay acquires two liquor firms for P1.25B

By Zinnia B. Dela Peña | August 23, 2005 - 12:00am

Tanduay Distillers Inc. (TDI), the liquor unit of tobacco and beer magnate Lucio Tan’s Tanduay Holdings Inc., has paid P1.25 billion for the acquisition of a 90-percent stake in Asian Alcohol Corp. and Absolute...

Business

Tanduay sets P2-B capex budget for 3 yrs

By Zinnia B. Dela Peña | May 5, 2005 - 12:00am

Tanduay Holdings Inc., the liquor concern of the Lucio Tan group, has set aside P2 billion over the next three years for the establishment of a new plant and planned acquisitions. During the company’s stockholders...

Business

Tanduay profit jumps 88% to P660M

By Zinnia B. Dela Peña | March 9, 2005 - 12:00am

Tanduay Holdings Inc., the hard liquor concern of tobacco and beer magnate Lucio Tan, said its net profit jumped 88 percent to P660 million last year on higher sales. In a disclosure to the Philippine Stock Exchange,...

Business