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                    [ArticleID] => 202413
                    [Title] => Closing of MPC deal with ALI, Greenfield delayed
                    [Summary] => Metro Pacific Corp., the local flagship of Hong Kong’s First Pacific Co. Ltd., announced yesterday that the closing of the deal involving the assignment of its $90-million loan from Larouge B.V. to Ayala Land Inc. and Greenfield Development Corp., will take 15 more days to be completed.


In a disclosure to the Philippine Stock Exchange, MPC said the closing of the transaction, which was originally scheduled for April 2, 2003 has been extended by two more weeks, or until April 17.


                    [DatePublished] => 2003-04-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 199651
                    [Title] => First Pac OKs sale of Boni Land to Ayala-Greenfield
                    [Summary] => The board of directors and stockholders of Hongkong-based First Pacific Co. Ltd. approved the sale to Ayala Land and Greenfield Development Corp. of a $90-million loan secured by a 50.4-percent interest in Bonifacio Land Corp. (BLC).


The STAR learned that the FPC board met in Hong Kong yesterday to finalize the deal, which involves a loan extended by FPC subsidiary Larouge BV to sister firm Metro Pacific Corp. (MPC). MPC owns more than 80 percent of BLC.


MPC officials said they expect the definitive agreement regarding the deal to be signed before the end of the month.

                    [DatePublished] => 2003-03-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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AYALA AND GREENFIELD

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                    [ArticleID] => 202413
                    [Title] => Closing of MPC deal with ALI, Greenfield delayed
                    [Summary] => Metro Pacific Corp., the local flagship of Hong Kong’s First Pacific Co. Ltd., announced yesterday that the closing of the deal involving the assignment of its $90-million loan from Larouge B.V. to Ayala Land Inc. and Greenfield Development Corp., will take 15 more days to be completed.


In a disclosure to the Philippine Stock Exchange, MPC said the closing of the transaction, which was originally scheduled for April 2, 2003 has been extended by two more weeks, or until April 17.


                    [DatePublished] => 2003-04-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 199651
                    [Title] => First Pac OKs sale of Boni Land to Ayala-Greenfield
                    [Summary] => The board of directors and stockholders of Hongkong-based First Pacific Co. Ltd. approved the sale to Ayala Land and Greenfield Development Corp. of a $90-million loan secured by a 50.4-percent interest in Bonifacio Land Corp. (BLC).


The STAR learned that the FPC board met in Hong Kong yesterday to finalize the deal, which involves a loan extended by FPC subsidiary Larouge BV to sister firm Metro Pacific Corp. (MPC). MPC owns more than 80 percent of BLC.


MPC officials said they expect the definitive agreement regarding the deal to be signed before the end of the month.

                    [DatePublished] => 2003-03-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
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abtest

Closing of MPC deal with ALI, Greenfield delayed

By Zinnia B. Dela Peña | April 12, 2003 - 12:00am

Metro Pacific Corp., the local flagship of Hong Kong’s First Pacific Co. Ltd., announced yesterday that the closing of the deal involving the assignment of its $90-million loan from Larouge B.V. to Ayala Land...

Business

First Pac OKs sale of Boni Land to Ayala-Greenfield

March 20, 2003 - 12:00am

The board of directors and stockholders of Hongkong-based First Pacific Co. Ltd. approved the sale to Ayala Land and Greenfield Development Corp. of a $90-million loan secured by a 50.4-percent interest in Bonifacio...

Business