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                    [ArticleID] => 188110
                    [Title] => SPAV formed to hold P20-B assets of NSC
                    [Summary] => In what is seen as a prelude to the long-delayed reopening of the country’s biggest steel maker, National Steel Corp. has formed a special purpose asset vehicle to hold its assets which will be bid out to prospective investors.


Securities and Exchange Commission Chairman Lilia R. Bautista said NSC has incorporated a shell corporation named Philippine Newsteel Industry Inc., to own the P20 billion worth of assets of the debt-saddled steel firm. The new company, she said, has already applied for registration with the SEC.


                    [DatePublished] => 2002-12-16 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
                (
                    [ArticleID] => 183596
                    [Title] => Malaysians, banks agree on NSC rehab
                    [Summary] => The Malaysian owners and the local creditor banks of the National Steel Corp. (NSC) are finally set to sign tomorrow a debt restructuring agreement  expected to pave  the way for the rehabilitation of the beleaguered steel firm.
                    [DatePublished] => 2002-11-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 137724
                    [Title] => Labor leader charges conspiracy in selection of National Steel operator
                    [Summary] => The leader of the labor union of National Steel Corp. charged yesterday that the dogged determination of Trade Secretary Manuel A. Roxas II to deliver National Steel Corp. (NSC) to the operator of his personal choice seems to be the final phase of an apparent conspiracy that could defraud legitimate stakeholders of the country’s largest steelworks, which include workers and union members.


                    [DatePublished] => 2001-10-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 96957
                    [Title] => NSC creditors ask SEC to fire liquidator
                    [Summary] => Creditor banks of distressed National Steel Corp. (NSC) have asked the Securities and Exchange Commission to fire its appointed liquidator, former SEC associate commissioner Danilo Concepcion, whom they charged of acting in bad faith and taking actions prejudicial to the interest of the bank consortium.


                    [DatePublished] => 2001-02-07 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 98805
                    [Title] => NSC is not bankrupt – Hottick
                    [Summary] => The Malaysian majority shareholder of the debt-riddled National Steel Corp. (NSC) lashed out at the Securities and Exchange Commission (SEC) for claiming that the steel firm to the brink of bankruptcy.


Hottick Investments, Ltd., which owns over 82 percent of the biggest steel firm in the country, belied SEC’s assumption that NSC "is bankrupt and therefore, has to be liquidated."


                    [DatePublished] => 2000-11-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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HOTTICK INVESTMENTS

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                    [ArticleID] => 188110
                    [Title] => SPAV formed to hold P20-B assets of NSC
                    [Summary] => In what is seen as a prelude to the long-delayed reopening of the country’s biggest steel maker, National Steel Corp. has formed a special purpose asset vehicle to hold its assets which will be bid out to prospective investors.


Securities and Exchange Commission Chairman Lilia R. Bautista said NSC has incorporated a shell corporation named Philippine Newsteel Industry Inc., to own the P20 billion worth of assets of the debt-saddled steel firm. The new company, she said, has already applied for registration with the SEC.


                    [DatePublished] => 2002-12-16 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                    [SectionUrl] => business
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                (
                    [ArticleID] => 183596
                    [Title] => Malaysians, banks agree on NSC rehab
                    [Summary] => The Malaysian owners and the local creditor banks of the National Steel Corp. (NSC) are finally set to sign tomorrow a debt restructuring agreement  expected to pave  the way for the rehabilitation of the beleaguered steel firm.
                    [DatePublished] => 2002-11-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 137724
                    [Title] => Labor leader charges conspiracy in selection of National Steel operator
                    [Summary] => The leader of the labor union of National Steel Corp. charged yesterday that the dogged determination of Trade Secretary Manuel A. Roxas II to deliver National Steel Corp. (NSC) to the operator of his personal choice seems to be the final phase of an apparent conspiracy that could defraud legitimate stakeholders of the country’s largest steelworks, which include workers and union members.


                    [DatePublished] => 2001-10-24 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 96957
                    [Title] => NSC creditors ask SEC to fire liquidator
                    [Summary] => Creditor banks of distressed National Steel Corp. (NSC) have asked the Securities and Exchange Commission to fire its appointed liquidator, former SEC associate commissioner Danilo Concepcion, whom they charged of acting in bad faith and taking actions prejudicial to the interest of the bank consortium.


                    [DatePublished] => 2001-02-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                (
                    [ArticleID] => 98805
                    [Title] => NSC is not bankrupt – Hottick
                    [Summary] => The Malaysian majority shareholder of the debt-riddled National Steel Corp. (NSC) lashed out at the Securities and Exchange Commission (SEC) for claiming that the steel firm to the brink of bankruptcy.


Hottick Investments, Ltd., which owns over 82 percent of the biggest steel firm in the country, belied SEC’s assumption that NSC "is bankrupt and therefore, has to be liquidated."


                    [DatePublished] => 2000-11-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
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                    [URL] => 
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)

abtest

SPAV formed to hold P20-B assets of NSC

By Zinnia B. Dela Peña | December 16, 2002 - 12:00am

In what is seen as a prelude to the long-delayed reopening of the country’s biggest steel maker, National Steel Corp. has formed a special purpose asset vehicle to hold its assets which will be bid out to prospective...

Business

Malaysians, banks agree on NSC rehab

By Marianne V. Go | November 12, 2002 - 12:00am

The Malaysian owners and the local creditor banks of the National Steel Corp. (NSC) are finally set to sign tomorrow a debt restructuring agreement expected to pave the way for the rehabilitation of the beleaguered...

Business

Labor leader charges conspiracy in selection of National Steel operator

October 24, 2001 - 12:00am

The leader of the labor union of National Steel Corp. charged yesterday that the dogged determination of Trade Secretary Manuel A. Roxas II to deliver National Steel Corp. (NSC) to the operator of his personal choice...

Business

NSC creditors ask SEC to fire liquidator

February 7, 2001 - 12:00am

Creditor banks of distressed National Steel Corp. (NSC) have asked the Securities and Exchange Commission to fire its appointed liquidator, former SEC associate commissioner Danilo Concepcion, whom they charged of...

Business

NSC is not bankrupt – Hottick

November 13, 2000 - 12:00am

The Malaysian majority shareholder of the debt-riddled National Steel Corp. (NSC) lashed out at the Securities and Exchange Commission (SEC) for claiming that the steel firm to the brink of bankruptcy. Hottick Investments,...

Business