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                    [Title] => 2 groups eye Asian Diamond Plans
                    [Summary] => At least two local groups are eyeing the take over of  cash-strapped pre-need firm Asian Diamond Plans following the latter’s failure to conclude a deal with the Singaporean-American firm Sovereign Group.


Miguel Madrigal-Vazquez, head of the Federation of Pre-Need Plan Companies and concurrent president of  Permanent Plans Inc., said two local investor groups  have signified interest to take over the operations of Asian Diamond, which has been hard pressed to meet the minimum paid-up capital requirement.


                    [DatePublished] => 2004-02-24 00:00:00
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                    [AuthorName] => Zinnia B. Dela Peña
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                    [Title] => Sovereign Group eyes RP pre-need, banking sectors
                    [Summary] => The Sovereign Group, a diversified financial services company headed by Singaporean and American nationals, is setting its sights on the Philippine pre-need and banking industries to further augment its profitability and beef up its presence in the Asian-Pacific region.


An industry source said the Sovereign Group is in discussions with the owners of Asian Diamond Plans for the acquisition of the pre-need firm. Upon its entry into the company, the foreign group plans to raise the paid-up capital of Asian Diamond Plans to P100 million from P50 million.


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                    [ArticleID] => 171752
                    [Title] => Strict SEC rules forged stronger pre-need sector
                    [Summary] => Over two years of "fierce" and "unforgiving" and at times "painful" regulation by the Securities and Exchange Commission made the pre-need industry shape up and financially stable.


Philippine Federation of Pre-need Companies president Juan Miguel Madrigal Vazquez admitted this at a hearing of the House subcommittee on securities and capital markets last week.


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                    [ArticleID] => 171272
                    [Title] => New foreign group eyes local pre-need industry
                    [Summary] => Amid problems plaguing the pre-need industry, a Singaporean-American group has signified interest in entering the Philippine pre-need market to take advantage of the growing awareness by the public of the financial benefits of the product.  


Emil Aquino, head of the Securities and Exchange Commission’s Non-traditional Securities Department, said the Singaporean-American group will buy out cash-strapped pre-need firm Asian Diamond Plans Inc. of businessman Damaso Magbual.


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ASIAN DIAMOND PLANS

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                    [Title] => 2 groups eye Asian Diamond Plans
                    [Summary] => At least two local groups are eyeing the take over of  cash-strapped pre-need firm Asian Diamond Plans following the latter’s failure to conclude a deal with the Singaporean-American firm Sovereign Group.


Miguel Madrigal-Vazquez, head of the Federation of Pre-Need Plan Companies and concurrent president of  Permanent Plans Inc., said two local investor groups  have signified interest to take over the operations of Asian Diamond, which has been hard pressed to meet the minimum paid-up capital requirement.


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                    [Title] => Sovereign Group eyes RP pre-need, banking sectors
                    [Summary] => The Sovereign Group, a diversified financial services company headed by Singaporean and American nationals, is setting its sights on the Philippine pre-need and banking industries to further augment its profitability and beef up its presence in the Asian-Pacific region.


An industry source said the Sovereign Group is in discussions with the owners of Asian Diamond Plans for the acquisition of the pre-need firm. Upon its entry into the company, the foreign group plans to raise the paid-up capital of Asian Diamond Plans to P100 million from P50 million.


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                    [Title] => Strict SEC rules forged stronger pre-need sector
                    [Summary] => Over two years of "fierce" and "unforgiving" and at times "painful" regulation by the Securities and Exchange Commission made the pre-need industry shape up and financially stable.


Philippine Federation of Pre-need Companies president Juan Miguel Madrigal Vazquez admitted this at a hearing of the House subcommittee on securities and capital markets last week.


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                    [ArticleID] => 171272
                    [Title] => New foreign group eyes local pre-need industry
                    [Summary] => Amid problems plaguing the pre-need industry, a Singaporean-American group has signified interest in entering the Philippine pre-need market to take advantage of the growing awareness by the public of the financial benefits of the product.  


Emil Aquino, head of the Securities and Exchange Commission’s Non-traditional Securities Department, said the Singaporean-American group will buy out cash-strapped pre-need firm Asian Diamond Plans Inc. of businessman Damaso Magbual.


                    [DatePublished] => 2002-08-08 00:00:00
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abtest

2 groups eye Asian Diamond Plans

By Zinnia B. Dela Peña | February 24, 2004 - 12:00am

At least two local groups are eyeing the take over of cash-strapped pre-need firm Asian Diamond Plans following the latter’s failure to conclude a deal with the Singaporean-American firm Sovereign Group. Miguel...

Business

Sovereign Group eyes RP pre-need, banking sectors

August 22, 2002 - 12:00am

The Sovereign Group, a diversified financial services company headed by Singaporean and American nationals, is setting its sights on the Philippine pre-need and banking industries to further augment its profitability...

Business

Strict SEC rules forged stronger pre-need sector

August 12, 2002 - 12:00am

Over two years of "fierce" and "unforgiving" and at times "painful" regulation by the Securities and Exchange Commission made the pre-need industry shape up and financially stable. Philippine...

Business

New foreign group eyes local pre-need industry

By Zinnia B. Dela Peña | August 8, 2002 - 12:00am

Amid problems plaguing the pre-need industry, a Singaporean-American group has signified interest in entering the Philippine pre-need market to take advantage of the growing awareness by the public of the financial...

Business