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                    [ArticleID] => 131671
                    [Title] => SEC rejects bid of VMC on alternate rehabilitation
                    [Summary] => The Securities and Exchange Commission (SEC) has rejected the petition of Victorias Milling Corp. (VMC) to nullify the company’s alternative rehabilitation plan (ARP) submitted by the SEC-appointed management committee (mancom).


The commission en banc has issued an order upholding the Nov. 29, 2000 order by the SEC hearing panel approving the mancom-ARP and dismissing VMC management’s (represented by VMC chairman and president Manuel Manalac) own rehab proposal.


                    [DatePublished] => 2001-08-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 96279
                    [Title] => SEC junks VMC petition to maintain status quo
                    [Summary] => The Securities and Exchange Commission (SEC) has denied the petition of Victorias Milling Co. to defer the appointment of a chief operating officer and maintain a status quo of the company’s operations.


The SEC hearing panel chaired by Director Eugenio Reyes said VMC’s urgent motion for the issuance of a temporary restraining order (TRO) was "devoid of merit."


The SEC said issuing a TRO would defeat the very purpose of the rehabilitation of VMC because the prior orders pertain to the suspension of VMC’s debt payments as well as its rehabilitation.

                    [DatePublished] => 2001-03-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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MANUEL MANALAC

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                    [ArticleID] => 131671
                    [Title] => SEC rejects bid of VMC on alternate rehabilitation
                    [Summary] => The Securities and Exchange Commission (SEC) has rejected the petition of Victorias Milling Corp. (VMC) to nullify the company’s alternative rehabilitation plan (ARP) submitted by the SEC-appointed management committee (mancom).


The commission en banc has issued an order upholding the Nov. 29, 2000 order by the SEC hearing panel approving the mancom-ARP and dismissing VMC management’s (represented by VMC chairman and president Manuel Manalac) own rehab proposal.


                    [DatePublished] => 2001-08-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 96279
                    [Title] => SEC junks VMC petition to maintain status quo
                    [Summary] => The Securities and Exchange Commission (SEC) has denied the petition of Victorias Milling Co. to defer the appointment of a chief operating officer and maintain a status quo of the company’s operations.


The SEC hearing panel chaired by Director Eugenio Reyes said VMC’s urgent motion for the issuance of a temporary restraining order (TRO) was "devoid of merit."


The SEC said issuing a TRO would defeat the very purpose of the rehabilitation of VMC because the prior orders pertain to the suspension of VMC’s debt payments as well as its rehabilitation.

                    [DatePublished] => 2001-03-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

SEC rejects bid of VMC on alternate rehabilitation

By Christina Mendez | August 28, 2001 - 12:00am

The Securities and Exchange Commission (SEC) has rejected the petition of Victorias Milling Corp. (VMC) to nullify the company’s alternative rehabilitation plan (ARP) submitted by the SEC-appointed management...

Business

SEC junks VMC petition to maintain status quo

March 6, 2001 - 12:00am

The Securities and Exchange Commission (SEC) has denied the petition of Victorias Milling Co. to defer the appointment of a chief operating officer and maintain a status quo of the company’s...

Business