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                    [ArticleID] => 96759
                    [Title] => ASB, HK group mull 3 options
                    [Summary] => Talks between the beleaguered ASB Group and the Hong Kong-based Chevalier International Holdings Ltd. have turned serious with three options being floated for a possible settlement with ASB creditors.


Sources familiar with the negotiations said Chevalier, whose interests span real estate and other investment ventures, has been discussing with the ASB group three alternative settlement modes before it can proceed with its entry into ASB.


                    [DatePublished] => 2001-01-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
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                    [ArticleID] => 96702
                    [Title] => HK holding firm shows interest in ASB Group
                    [Summary] => A Hong Kong-based investment holding company has reportedly taken interest in investing into the beleaguered ASB Group as the Securities and Exchange Commission (SEC) granted another 60-day reprieve on the payment of its roughly P9-billion debts.


Chevalier International Holdings Ltd., which is into real estate investments, has secured the approval of ASB’s creditor banks for it to infuse an unspecified amount of capital into the troubled local property developer to jumpstart and hasten its rehabilitation plan.


                    [DatePublished] => 2001-01-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 98567
                    [Title] => ASB Seeks 60-Day Extension Of Debt Reprieve
                    [Summary] => The debt-ridden ASB Holdings Inc. has sought another 60-day extension of a debt moratorium from the Securities and Exchange Commission (SEC) due to time constraints in the hearing on  its rehabilitation plan.


Through its legal counsel Santiago & Santiago, ASB clarified the motion to seek another extension was not intended to delay the proceedings in resolving claims for ASB’s P9-billion outstanding loans.


                    [DatePublished] => 2000-10-19 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 
                    [AuthorName] => 
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                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 98915
                    [Title] => ASB Group granted debt relief
                    [Summary] => 

The Securities and Exchange Commission (SEC) granted yesterday a 60-day debt
reprieve to debt-saddled property developer ASB Group of Companies whose
obligations to banks and other creditors have reached P12.7 billion.

At the same time, the SEC appointed former SEC commissioner and former Petron
chairman Monico V. Jacob as interim receiver of the company.

The SEC, in its order, also stopped ASB from disposing of its properties in any
manner, except in the ordinary course of its business and from making any
payments of its liabilities.
                    [DatePublished] => 2000-05-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 98898
                    [Title] => ASB Group files for debt-relief
                    [Summary] => 

The debt-saddled ASB Group of Companies is asking the Securities and Exchange
Commission (SEC) for a 60-day reprieve on its debts and the appointment of an
interim receiver to implement its proposed rehabilitation program.

ASB is the owner and developer of a number of real estate projects, mostly
condominium projects of which 19 are completed and four, particularly the BSA
Twin Tower, Garden Heights, the ASB Malayan Tower and Legaspi Place, are
currently under various stages of construction.

In its petition for receivership and suspension of debt payments, the ASB Group
said
                    [DatePublished] => 2000-05-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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)

MALAYAN TOWER AND LEGASPI PLACE

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                    [ArticleID] => 96759
                    [Title] => ASB, HK group mull 3 options
                    [Summary] => Talks between the beleaguered ASB Group and the Hong Kong-based Chevalier International Holdings Ltd. have turned serious with three options being floated for a possible settlement with ASB creditors.


Sources familiar with the negotiations said Chevalier, whose interests span real estate and other investment ventures, has been discussing with the ASB group three alternative settlement modes before it can proceed with its entry into ASB.


                    [DatePublished] => 2001-01-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
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                (
                    [ArticleID] => 96702
                    [Title] => HK holding firm shows interest in ASB Group
                    [Summary] => A Hong Kong-based investment holding company has reportedly taken interest in investing into the beleaguered ASB Group as the Securities and Exchange Commission (SEC) granted another 60-day reprieve on the payment of its roughly P9-billion debts.


Chevalier International Holdings Ltd., which is into real estate investments, has secured the approval of ASB’s creditor banks for it to infuse an unspecified amount of capital into the troubled local property developer to jumpstart and hasten its rehabilitation plan.


                    [DatePublished] => 2001-01-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 98567
                    [Title] => ASB Seeks 60-Day Extension Of Debt Reprieve
                    [Summary] => The debt-ridden ASB Holdings Inc. has sought another 60-day extension of a debt moratorium from the Securities and Exchange Commission (SEC) due to time constraints in the hearing on  its rehabilitation plan.


Through its legal counsel Santiago & Santiago, ASB clarified the motion to seek another extension was not intended to delay the proceedings in resolving claims for ASB’s P9-billion outstanding loans.


                    [DatePublished] => 2000-10-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 98915
                    [Title] => ASB Group granted debt relief
                    [Summary] => 

The Securities and Exchange Commission (SEC) granted yesterday a 60-day debt
reprieve to debt-saddled property developer ASB Group of Companies whose
obligations to banks and other creditors have reached P12.7 billion.

At the same time, the SEC appointed former SEC commissioner and former Petron
chairman Monico V. Jacob as interim receiver of the company.

The SEC, in its order, also stopped ASB from disposing of its properties in any
manner, except in the ordinary course of its business and from making any
payments of its liabilities.
                    [DatePublished] => 2000-05-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 98898
                    [Title] => ASB Group files for debt-relief
                    [Summary] => 

The debt-saddled ASB Group of Companies is asking the Securities and Exchange
Commission (SEC) for a 60-day reprieve on its debts and the appointment of an
interim receiver to implement its proposed rehabilitation program.

ASB is the owner and developer of a number of real estate projects, mostly
condominium projects of which 19 are completed and four, particularly the BSA
Twin Tower, Garden Heights, the ASB Malayan Tower and Legaspi Place, are
currently under various stages of construction.

In its petition for receivership and suspension of debt payments, the ASB Group
said
                    [DatePublished] => 2000-05-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

ASB, HK group mull 3 options

By Christina Mendez | January 16, 2001 - 12:00am

Talks between the beleaguered ASB Group and the Hong Kong-based Chevalier International Holdings Ltd. have turned serious with three options being floated for a possible settlement with ASB creditors. Sources familiar...

Business

HK holding firm shows interest in ASB Group

By Christina Mendez | January 10, 2001 - 12:00am

A Hong Kong-based investment holding company has reportedly taken interest in investing into the beleaguered ASB Group as the Securities and Exchange Commission (SEC) granted another 60-day reprieve on the payment...

Business

ASB Seeks 60-Day Extension Of Debt Reprieve

October 19, 2000 - 12:00am

The debt-ridden ASB Holdings Inc. has sought another 60-day extension of a debt moratorium from the Securities and Exchange Commission (SEC) due to time constraints in the hearing on its rehabilitation plan. Through...

Business

ASB Group granted debt relief

By Rocel Felix | May 5, 2000 - 12:00am

The Securities and Exchange Commission (SEC) granted yesterday a 60-day debt reprieve to debt-saddled property developer ASB Group of Companies whose obligations to banks and other creditors have reached P12.7...

Business

ASB Group files for debt-relief

By Rocel Felix | May 4, 2000 - 12:00am

The debt-saddled ASB Group of Companies is asking the Securities and Exchange Commission (SEC) for a 60-day reprieve on its debts and the appointment of an interim receiver to implement its proposed rehabilitation...

Business