+ Follow HOTTICK INVESTMENTS LTD Tag
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[ArticleID] => 185867
[Title] => PNB’s bad loans to decline with NSC deal
[Summary] => Philippine National Bank’s (PNB) non-performing loans (NPL) will go down to 46 percent of its total loan portfolio after its exposure in the defunct National Steel Corp. is converted into shares of the special purpose vehicle (SPV) that would be created to dispose of the company’s assets.
According to PNB, one of NSC’s biggest creditors, the SPV would be jointly 80-percent owned by the steel company’s creditors and its shareholders who will own the remaining 20 percent.
[DatePublished] => 2002-11-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 185754
[Title] => SEC asks for MOA between Hottick, NSC creditors
[Summary] => The Securities and Exchange Commission has directed the liquidator of National Steel Corp. to submit the memorandum of agreement signed by the steel firm’s Malaysian shareholders and creditors to enable it to formally approve the MOA and dismiss all the pending incidents to ensure an orderly resumption of NSC’s operations.
SEC Chairperson Lilia R. Bautista said the signing of the MOA paves the way for the dismissal of all pending suits or issues lodged before the commission.
[DatePublished] => 2002-11-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[2] => 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] =>
)
[3] => Array
(
[ArticleID] => 161151
[Title] => Steel nerves amidst pressure
[Summary] => It has been two and a half years since the National Steel Corp. (NSC) had shut down its plants in Iligan City, leaving a trail of tears, deprivation and lost dreams in its wake.
How else would you describe a catastrophe that left 2,000 people out of jobs, had put about 80,000 children out of school, deprived the city of P160 million in taxes yearly, and denied the government of close to P1 billion in duties on the raw material the company imports annually?
[DatePublished] => 2002-05-17 00:00:00
[ColumnID] => 133715
[Focus] => 0
[AuthorID] => 1805279
[AuthorName] => Rey Gamboa
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 137341
[Title] => NSC workers bent ire on liquidator
[Summary] => The displaced workers of National Steel Corp. (NSC) are now benting their disappointment with the Securities and Exchange Commission (SEC)-appointed liquidator Danilo Concepcion for his alleged insensitivity to their plight.
Earlier, the 1,000-strong National Steel Labor Union - FFW (NASLU-FFW) formally petitioned the SEC to dissolve the evaluation committee (EC) and disqualify its chairman Trade and Industry Secretary Manuel Roxas II also for their discriminatory stance against the workers.
[DatePublished] => 2001-10-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 135299
[Title] => Malaysians return to NSC evaluation body
[Summary] => Things seem to be looking up for National Steel Corp. (NSC) as its Malaysian owners are reportedly going back to the Evaluation Committee handling the planned leasehold of the steel plant’s facilities.
Securities and Exchange Commission (SEC) chairman Lilia Bautista said Danaharta, the Malaysian assignee of the 82 percent NSC stake held by Hottick Investments Ltd., has a forthcoming letter to the NSC Evaluation Committee indicating its willingness to return to the fold.
[DatePublished] => 2001-10-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 134456
[Title] => NSC may go back to liquidation mode
[Summary] => The government may be forced to go back to "square one" in its effort to resolve the fate of National Steel Corp. (NSC) even as bids are expected to be received for the lease of the steel firm’s Iligan plant.
Securities and Exchange Commission general counsel Eugenio Reyes said the liquidation plan for NSC will remain in effect while the lease proposals are being reviewed by the NSC evaluation committee which is composed of representatives from the Department of Trade and Industry, the SEC, SEC-appointed liquidator and the creditor groups.
[DatePublished] => 2001-09-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 131804
[Title] => Government draws up guidelines for lease of NSC fa
[Summary] => With the Malaysian owners finally agreeing to get out of National Steel Corp., the government has drawn up the guidelines for the bidding of the steel firm’s plant facilities under a lease contract.
Under the lease project, the financing, rehabilitation, operation and management of NSC’s Iligan plant will be carried out by the winning proponent.
Three groups had earlier offered to reactivate the operations of NSC under lease agreements to maximize the use of the plant facilities since shutting these down in November 1999.
[DatePublished] => 2001-08-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 93906
[Title] => SEC set to issue guidelines on rebidding of National Steel
[Summary] => The Securities and Exchange Commission (SEC) is set to issue today the guidelines on the planned rebidding of National Steel Corp. even as three pending lease proposals are being evaluated by the government.
An SEC official said the bidding for the assets of NSC, anchored on its Iligan City plant, would be more feasible if the government comes to terms with a lease proponent, who will then enhance and add value and attractiveness to the steel company.
[DatePublished] => 2001-07-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 95301
[Title] => NSC attracts 2 more lease proponents
[Summary] => National Steel Corp. (NSC) has attracted two more lease proponents that strengthened its chances of re-opening, although the bids will still be evaluated by the steel firm’s designated liquidator.
Securities and Exchange Commission chairperson Lilia Bautista said that aside from the pending lease proposal from Allengoal Steel Fabrication and Trading, two more companies – Cathay Pacific Steel Co. (Capasco) and the Swiss-based Glencor – have submitted their respective lease bids to NSC liquidator former SEC commissioner Danilo Concepcion.
[DatePublished] => 2001-05-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
HOTTICK INVESTMENTS LTD
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 185867
[Title] => PNB’s bad loans to decline with NSC deal
[Summary] => Philippine National Bank’s (PNB) non-performing loans (NPL) will go down to 46 percent of its total loan portfolio after its exposure in the defunct National Steel Corp. is converted into shares of the special purpose vehicle (SPV) that would be created to dispose of the company’s assets.
According to PNB, one of NSC’s biggest creditors, the SPV would be jointly 80-percent owned by the steel company’s creditors and its shareholders who will own the remaining 20 percent.
[DatePublished] => 2002-11-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 185754
[Title] => SEC asks for MOA between Hottick, NSC creditors
[Summary] => The Securities and Exchange Commission has directed the liquidator of National Steel Corp. to submit the memorandum of agreement signed by the steel firm’s Malaysian shareholders and creditors to enable it to formally approve the MOA and dismiss all the pending incidents to ensure an orderly resumption of NSC’s operations.
SEC Chairperson Lilia R. Bautista said the signing of the MOA paves the way for the dismissal of all pending suits or issues lodged before the commission.
[DatePublished] => 2002-11-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => 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] =>
)
[3] => Array
(
[ArticleID] => 161151
[Title] => Steel nerves amidst pressure
[Summary] => It has been two and a half years since the National Steel Corp. (NSC) had shut down its plants in Iligan City, leaving a trail of tears, deprivation and lost dreams in its wake.
How else would you describe a catastrophe that left 2,000 people out of jobs, had put about 80,000 children out of school, deprived the city of P160 million in taxes yearly, and denied the government of close to P1 billion in duties on the raw material the company imports annually?
[DatePublished] => 2002-05-17 00:00:00
[ColumnID] => 133715
[Focus] => 0
[AuthorID] => 1805279
[AuthorName] => Rey Gamboa
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 137341
[Title] => NSC workers bent ire on liquidator
[Summary] => The displaced workers of National Steel Corp. (NSC) are now benting their disappointment with the Securities and Exchange Commission (SEC)-appointed liquidator Danilo Concepcion for his alleged insensitivity to their plight.
Earlier, the 1,000-strong National Steel Labor Union - FFW (NASLU-FFW) formally petitioned the SEC to dissolve the evaluation committee (EC) and disqualify its chairman Trade and Industry Secretary Manuel Roxas II also for their discriminatory stance against the workers.
[DatePublished] => 2001-10-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 135299
[Title] => Malaysians return to NSC evaluation body
[Summary] => Things seem to be looking up for National Steel Corp. (NSC) as its Malaysian owners are reportedly going back to the Evaluation Committee handling the planned leasehold of the steel plant’s facilities.
Securities and Exchange Commission (SEC) chairman Lilia Bautista said Danaharta, the Malaysian assignee of the 82 percent NSC stake held by Hottick Investments Ltd., has a forthcoming letter to the NSC Evaluation Committee indicating its willingness to return to the fold.
[DatePublished] => 2001-10-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 134456
[Title] => NSC may go back to liquidation mode
[Summary] => The government may be forced to go back to "square one" in its effort to resolve the fate of National Steel Corp. (NSC) even as bids are expected to be received for the lease of the steel firm’s Iligan plant.
Securities and Exchange Commission general counsel Eugenio Reyes said the liquidation plan for NSC will remain in effect while the lease proposals are being reviewed by the NSC evaluation committee which is composed of representatives from the Department of Trade and Industry, the SEC, SEC-appointed liquidator and the creditor groups.
[DatePublished] => 2001-09-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 131804
[Title] => Government draws up guidelines for lease of NSC fa
[Summary] => With the Malaysian owners finally agreeing to get out of National Steel Corp., the government has drawn up the guidelines for the bidding of the steel firm’s plant facilities under a lease contract.
Under the lease project, the financing, rehabilitation, operation and management of NSC’s Iligan plant will be carried out by the winning proponent.
Three groups had earlier offered to reactivate the operations of NSC under lease agreements to maximize the use of the plant facilities since shutting these down in November 1999.
[DatePublished] => 2001-08-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 93906
[Title] => SEC set to issue guidelines on rebidding of National Steel
[Summary] => The Securities and Exchange Commission (SEC) is set to issue today the guidelines on the planned rebidding of National Steel Corp. even as three pending lease proposals are being evaluated by the government.
An SEC official said the bidding for the assets of NSC, anchored on its Iligan City plant, would be more feasible if the government comes to terms with a lease proponent, who will then enhance and add value and attractiveness to the steel company.
[DatePublished] => 2001-07-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 95301
[Title] => NSC attracts 2 more lease proponents
[Summary] => National Steel Corp. (NSC) has attracted two more lease proponents that strengthened its chances of re-opening, although the bids will still be evaluated by the steel firm’s designated liquidator.
Securities and Exchange Commission chairperson Lilia Bautista said that aside from the pending lease proposal from Allengoal Steel Fabrication and Trading, two more companies – Cathay Pacific Steel Co. (Capasco) and the Swiss-based Glencor – have submitted their respective lease bids to NSC liquidator former SEC commissioner Danilo Concepcion.
[DatePublished] => 2001-05-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
November 28, 2002 - 12:00am
October 1, 2001 - 12:00am
