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                    [ArticleID] => 200253
                    [Title] => 4 firms offer to infuse capital into VMC
                    [Summary] => BACOLOD CITY – Four companies have offered to put in the P300 million fresh capital for Victorias Milling Co. by April 15 as required under the Securities and Exchange Commission-approved rehabilitation plan.


Two of them, JG Summit Holdings Inc. of the Gokongwei Group of Companies, and the ATR Kim Eng, did not only offer to infuse the fresh funds, but also submitted offers to buyout both secured and unsecured creditors of the sugar mill and take over ownership.


                    [DatePublished] => 2003-03-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096446
                    [AuthorName] =>  Antonieta Lopez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 199767
                    [Title] => Gokongwei keen on Victorias Milling
                    [Summary] => JG Summit Holdings Inc. of the Gokongwei Group emerged yesterday as a potential "white knight" that could save Victorias Milling Corp. (VMC) as the Gokongwei-owned holding company offered a total P2.3-billion package for the sugar milling firm’s funding and debt repayment needs. 


                    [DatePublished] => 2003-03-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 145770
                    [Title] => SMC, RFM set to seal Cosmos sale
                    [Summary] => San Miguel Corp. and RFM Corp. will seal today the P14-billion sale of soft drink company Cosmos Bottling Corp. (CBC), making SMC the undisputed leader in the country’s beverage industry.


The purchase by the San Miguel group of CBC, the second largest soft drink firm in the Philippines, will be done through its 65 percent subsidiary and dominant beverage company Coca-Cola Bottlers Philippines Inc. (CCBPI) and foreign partner. The Coca-Coca Co. based in Atlanta.


                    [DatePublished] => 2002-01-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 144590
                    [Title] => Closing of SMC, Cosmos sale deferred for another week
                    [Summary] => The closing of the sale of softdrink firm Cosmos Bottling Corp. (CBC) to the San Miguel group has been deferred for a week as both parties (RFM and SMC) work out the final details in the contract conditions.


As such, RFM Corp. said its planned buy-out of the 20.7 percent stake held by WP Argosy Ltd. in RFM for P1.12 billion will also be put on hold since the financing for the buy-back will come from the proceeds of the Cosmos sale.


                    [DatePublished] => 2001-12-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
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                    [ArticleID] => 143689
                    [Title] => RFM to buy back shares from foreign stockholder
                    [Summary] => RFM Corp. disclosed to the Philippine Stock Exchange (PSE ) yesterday that in its Dec. 13 board of directors meeting, the purchase by the company of 408,772,385 common shares owned by WP Argosy Ltd. was approved, at the price of P2.57 per share by way of treasury shares. 


Such purchase is subject to the occurrence of the financial closing of the Cosmos sales transaction.


                    [DatePublished] => 2001-12-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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)

ARGOSY LTD

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    [results] => Array
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                    [ArticleID] => 200253
                    [Title] => 4 firms offer to infuse capital into VMC
                    [Summary] => BACOLOD CITY – Four companies have offered to put in the P300 million fresh capital for Victorias Milling Co. by April 15 as required under the Securities and Exchange Commission-approved rehabilitation plan.


Two of them, JG Summit Holdings Inc. of the Gokongwei Group of Companies, and the ATR Kim Eng, did not only offer to infuse the fresh funds, but also submitted offers to buyout both secured and unsecured creditors of the sugar mill and take over ownership.


                    [DatePublished] => 2003-03-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096446
                    [AuthorName] =>  Antonieta Lopez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 199767
                    [Title] => Gokongwei keen on Victorias Milling
                    [Summary] => JG Summit Holdings Inc. of the Gokongwei Group emerged yesterday as a potential "white knight" that could save Victorias Milling Corp. (VMC) as the Gokongwei-owned holding company offered a total P2.3-billion package for the sugar milling firm’s funding and debt repayment needs. 


                    [DatePublished] => 2003-03-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 145770
                    [Title] => SMC, RFM set to seal Cosmos sale
                    [Summary] => San Miguel Corp. and RFM Corp. will seal today the P14-billion sale of soft drink company Cosmos Bottling Corp. (CBC), making SMC the undisputed leader in the country’s beverage industry.


The purchase by the San Miguel group of CBC, the second largest soft drink firm in the Philippines, will be done through its 65 percent subsidiary and dominant beverage company Coca-Cola Bottlers Philippines Inc. (CCBPI) and foreign partner. The Coca-Coca Co. based in Atlanta.


                    [DatePublished] => 2002-01-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 144590
                    [Title] => Closing of SMC, Cosmos sale deferred for another week
                    [Summary] => The closing of the sale of softdrink firm Cosmos Bottling Corp. (CBC) to the San Miguel group has been deferred for a week as both parties (RFM and SMC) work out the final details in the contract conditions.


As such, RFM Corp. said its planned buy-out of the 20.7 percent stake held by WP Argosy Ltd. in RFM for P1.12 billion will also be put on hold since the financing for the buy-back will come from the proceeds of the Cosmos sale.


                    [DatePublished] => 2001-12-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 143689
                    [Title] => RFM to buy back shares from foreign stockholder
                    [Summary] => RFM Corp. disclosed to the Philippine Stock Exchange (PSE ) yesterday that in its Dec. 13 board of directors meeting, the purchase by the company of 408,772,385 common shares owned by WP Argosy Ltd. was approved, at the price of P2.57 per share by way of treasury shares. 


Such purchase is subject to the occurrence of the financial closing of the Cosmos sales transaction.


                    [DatePublished] => 2001-12-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

4 firms offer to infuse capital into VMC

By Antonieta Lopez | March 25, 2003 - 12:00am

BACOLOD CITY – Four companies have offered to put in the P300 million fresh capital for Victorias Milling Co. by April 15 as required under the Securities and Exchange Commission-approved rehabilitation plan. Two...

Business

Gokongwei keen on Victorias Milling

By Christina Mendez | March 21, 2003 - 12:00am

JG Summit Holdings Inc. of the Gokongwei Group emerged yesterday as a potential "white knight" that could save Victorias Milling Corp. (VMC) as the Gokongwei-owned holding company offered a total P2.3-billion...

Business

SMC, RFM set to seal Cosmos sale

By Christina Mendez | January 3, 2002 - 12:00am

San Miguel Corp. and RFM Corp. will seal today the P14-billion sale of soft drink company Cosmos Bottling Corp. (CBC), making SMC the undisputed leader in the country’s beverage industry. The purchase by the...

Business

Closing of SMC, Cosmos sale deferred for another week

By Christina Mendez | December 23, 2001 - 12:00am

The closing of the sale of softdrink firm Cosmos Bottling Corp. (CBC) to the San Miguel group has been deferred for a week as both parties (RFM and SMC) work out the final details in the contract conditions. As...

Business

RFM to buy back shares from foreign stockholder

December 15, 2001 - 12:00am

RFM Corp. disclosed to the Philippine Stock Exchange (PSE ) yesterday that in its Dec. 13 board of directors meeting, the purchase by the company of 408,772,385 common shares owned by WP Argosy Ltd. was approved,...

Business