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                    [ArticleID] => 372461
                    [Title] => Fil-Estate Land raising capital to P5B
                    [Summary] => 



Property developer Fil-Estate Land Inc. (FELI) is raising its authorized capital stock to P5 billion from P2.8 billion, the company told the Philippine Stock Exchange.


At the same time, FELI said its board approved the subscription by Fil-Estate Management Inc. of up to P550 million as payment for advances to the company.


FELI earlier inked a $12-million loan agreement with Hong Kong-based LIM Asia Alternative Real Estate Fund to accelerate the development of various tourism projects. LIM Asia is a real estate specialist in the Asia-Pacific region.


                    [DatePublished] => 2006-11-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
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                    [ArticleID] => 363599
                    [Title] => Fil-Estate inks $12.5-M loan pact with HK fund
                    [Summary] => 



Property developer Fil-Estate Land Inc. (FELI) has inked a $12.5-million loan agreement with Hong Kong-based LIM Asia to accelerate the development of the company’s various tourism projects.


LIM Asia is managed by Peter Churchhouse, a real estate specialist in the Asia-Pacific region, and is composed of an alternative real estate fund and an arbitrage fund.


Under the agreement, LIM Asia will subscribe to approximately 80 million Fil-Estate shares at P1 each. FELI will also issue LIM Asia warrants worth P136 million for the loan.


                    [DatePublished] => 2006-10-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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            [2] => Array
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                    [ArticleID] => 360966
                    [Title] => Fil-Estate eyes $12.5-M facility from HK lender
                    [Summary] => 



Property developer Fil-Estate Land Inc. said it is in the final stages of negotiations of a revolving credit facility worth $12.5 million with a Hong Kong-based financial institution.


In a disclosure report to securities regulators, FELI said it was entering into the five-year credit facility together with subsidiary Fil-Estate Urban Development Corp.


FELI did not identify the lender.


                    [DatePublished] => 2006-10-02 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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            [3] => Array
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                    [ArticleID] => 335856
                    [Title] => Fil-Estate earmarks P1.5B for property dev’t projects
                    [Summary] => Fil-Estate Land Inc. (FELI) is setting aside P1.5 billion for real estate development projects over the next 12 to 18 months, moving to boost its cashflow and regain its status as one of the leading property firms in the country after successfully trimming its debts significantly.


Following the reduction of its debt to just P25 million from a little over P100 million the previous fiscal year, FELI is set to launch eight projects  that are expected to provide a stable recurring income for the group.  


                    [DatePublished] => 2006-05-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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                )

            [4] => Array
                (
                    [ArticleID] => 247723
                    [Title] => Fil-Estate debt reduction effort on target, says official
                    [Summary] => Fil-Estate Land Inc., one of the most wide ranging and successful real estate development companies in the country, announced during its recent stockholders’ meeting that it was on target to reducing its debts by the fiscal year ending Sept. 2004.


Debt reduction is, said FELI chief operating officer Roberto Roco, on of the "strategic objectives" of the company for the current fiscal year – a target it’s well on the road to achieve.


                    [DatePublished] => 2004-04-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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FESTIVAL VILLAS

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                    [ArticleID] => 372461
                    [Title] => Fil-Estate Land raising capital to P5B
                    [Summary] => 



Property developer Fil-Estate Land Inc. (FELI) is raising its authorized capital stock to P5 billion from P2.8 billion, the company told the Philippine Stock Exchange.


At the same time, FELI said its board approved the subscription by Fil-Estate Management Inc. of up to P550 million as payment for advances to the company.


FELI earlier inked a $12-million loan agreement with Hong Kong-based LIM Asia Alternative Real Estate Fund to accelerate the development of various tourism projects. LIM Asia is a real estate specialist in the Asia-Pacific region.


                    [DatePublished] => 2006-11-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                    [ArticleID] => 363599
                    [Title] => Fil-Estate inks $12.5-M loan pact with HK fund
                    [Summary] => 



Property developer Fil-Estate Land Inc. (FELI) has inked a $12.5-million loan agreement with Hong Kong-based LIM Asia to accelerate the development of the company’s various tourism projects.


LIM Asia is managed by Peter Churchhouse, a real estate specialist in the Asia-Pacific region, and is composed of an alternative real estate fund and an arbitrage fund.


Under the agreement, LIM Asia will subscribe to approximately 80 million Fil-Estate shares at P1 each. FELI will also issue LIM Asia warrants worth P136 million for the loan.


                    [DatePublished] => 2006-10-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
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                    [ArticleID] => 360966
                    [Title] => Fil-Estate eyes $12.5-M facility from HK lender
                    [Summary] => 



Property developer Fil-Estate Land Inc. said it is in the final stages of negotiations of a revolving credit facility worth $12.5 million with a Hong Kong-based financial institution.


In a disclosure report to securities regulators, FELI said it was entering into the five-year credit facility together with subsidiary Fil-Estate Urban Development Corp.


FELI did not identify the lender.


                    [DatePublished] => 2006-10-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 335856
                    [Title] => Fil-Estate earmarks P1.5B for property dev’t projects
                    [Summary] => Fil-Estate Land Inc. (FELI) is setting aside P1.5 billion for real estate development projects over the next 12 to 18 months, moving to boost its cashflow and regain its status as one of the leading property firms in the country after successfully trimming its debts significantly.


Following the reduction of its debt to just P25 million from a little over P100 million the previous fiscal year, FELI is set to launch eight projects  that are expected to provide a stable recurring income for the group.  


                    [DatePublished] => 2006-05-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 247723
                    [Title] => Fil-Estate debt reduction effort on target, says official
                    [Summary] => Fil-Estate Land Inc., one of the most wide ranging and successful real estate development companies in the country, announced during its recent stockholders’ meeting that it was on target to reducing its debts by the fiscal year ending Sept. 2004.


Debt reduction is, said FELI chief operating officer Roberto Roco, on of the "strategic objectives" of the company for the current fiscal year – a target it’s well on the road to achieve.


                    [DatePublished] => 2004-04-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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)

abtest

Fil-Estate Land raising capital to P5B

By Zinnia B. Dela Peña | November 30, 2006 - 12:00am

Property developer Fil-Estate Land Inc. (FELI) is raising its authorized capital stock to P5 billion from P2.8 billion, the company told the Philippine Stock Exchange. At the same time, FELI said its board...

Business

Fil-Estate inks $12.5-M loan pact with HK fund

By Zinnia B. Dela Peña | October 18, 2006 - 12:00am

Property developer Fil-Estate Land Inc. (FELI) has inked a $12.5-million loan agreement with Hong Kong-based LIM Asia to accelerate the development of the company’s various tourism projects. LIM Asia...

Business

Fil-Estate eyes $12.5-M facility from HK lender

By Zinnia B. Dela Peña | October 2, 2006 - 12:00am

Property developer Fil-Estate Land Inc. said it is in the final stages of negotiations of a revolving credit facility worth $12.5 million with a Hong Kong-based financial institution. In a disclosure report...

Business

Fil-Estate earmarks P1.5B for property dev’t projects

By Zinnia B. Dela Peña | May 10, 2006 - 12:00am

Fil-Estate Land Inc. (FELI) is setting aside P1.5 billion for real estate development projects over the next 12 to 18 months, moving to boost its cashflow and regain its status as one of the leading property firms...

Business

Fil-Estate debt reduction effort on target, says official

April 26, 2004 - 12:00am

Fil-Estate Land Inc., one of the most wide ranging and successful real estate development companies in the country, announced during its recent stockholders’ meeting that it was on target to reducing its debts...

Business