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                    [ArticleID] => 252657
                    [Title] => SEC okays merger of Fortune and Premiere Cement
                    [Summary] => The Securities and Exchange Commission (SEC) has approved Fortune Cement Corp.’s merger with its wholly-owned subsidiary Premier Cement Corp.


The SEC said the merger will not prejudice the rights of their respective creditors since the two companies are both solvent and in sound financial condition as of Dec. 31, 2003.


                    [DatePublished] => 2004-06-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 231302
                    [Title] => Globe’s P2.7-B bond offering gets SEC okay
                    [Summary] => The Securities and Exchange Commission has approved the P2.7-billion bond offering of Globe Telecom Inc., the cellular unit of Ayala Corp.


The bonds which carry a maturity of three years to five years, will be issued at 100 percent of face value.


Net proceeds from the offering, amounting to P2.67 billion, will be used by Globe to pay off debts maturing in 2004.  The company has P58.6 billion worth of long-term debts maturing from 2003 to 2012.  Its short-term debt, on the other hand, amounts to P7.4 billion.


                    [DatePublished] => 2003-12-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 204061
                    [Title] => RCC acquisitions must go through regulatory process
                    [Summary] => The acquisition by Republic Cement Corp. (RCC) of two other cement companies, FR Cement and Lloyd’s Richfield Industrial Corp., from Southeast Asia Cement Holdings Inc. still has to hurdle a regulatory process that could derail plans to waive the pre-emptive or stock rights offering to the RCC stockholders. 


The Philippine Stock Exchange said since the complete terms and conditions of the transaction have not been disclosed by RCC, it (PSE) "cannot make a definitive determination of the applicability of the Rule on Additional Listing of Shares." 


                    [DatePublished] => 2003-04-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [3] => Array
                (
                    [ArticleID] => 203907
                    [Title] => Republic Cement bid to acquire firms faces hurdle
                    [Summary] => The acquisition by Republic Cement Corp. (RCC) of two other cement companies – FR Cement and Lloyd’s Richfield Industrial Corp., from Southeast Asia Cement Holdings Inc. – still has to hurdle a regulatory process that could derail plans to waive the pre-emptive or stock rights offering to the RCC stockholders. 


The Philippine Stock Exchange said since the complete terms and conditions of the transaction have not been disclosed by RCC, it (PSE) "cannot make a definitive determination of the applicability of the Rule on Additional Listing of Shares." 


                    [DatePublished] => 2003-04-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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PREMIER CEMENT CORP

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    [results] => Array
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            [0] => Array
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                    [ArticleID] => 252657
                    [Title] => SEC okays merger of Fortune and Premiere Cement
                    [Summary] => The Securities and Exchange Commission (SEC) has approved Fortune Cement Corp.’s merger with its wholly-owned subsidiary Premier Cement Corp.


The SEC said the merger will not prejudice the rights of their respective creditors since the two companies are both solvent and in sound financial condition as of Dec. 31, 2003.


                    [DatePublished] => 2004-06-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 231302
                    [Title] => Globe’s P2.7-B bond offering gets SEC okay
                    [Summary] => The Securities and Exchange Commission has approved the P2.7-billion bond offering of Globe Telecom Inc., the cellular unit of Ayala Corp.


The bonds which carry a maturity of three years to five years, will be issued at 100 percent of face value.


Net proceeds from the offering, amounting to P2.67 billion, will be used by Globe to pay off debts maturing in 2004.  The company has P58.6 billion worth of long-term debts maturing from 2003 to 2012.  Its short-term debt, on the other hand, amounts to P7.4 billion.


                    [DatePublished] => 2003-12-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 204061
                    [Title] => RCC acquisitions must go through regulatory process
                    [Summary] => The acquisition by Republic Cement Corp. (RCC) of two other cement companies, FR Cement and Lloyd’s Richfield Industrial Corp., from Southeast Asia Cement Holdings Inc. still has to hurdle a regulatory process that could derail plans to waive the pre-emptive or stock rights offering to the RCC stockholders. 


The Philippine Stock Exchange said since the complete terms and conditions of the transaction have not been disclosed by RCC, it (PSE) "cannot make a definitive determination of the applicability of the Rule on Additional Listing of Shares." 


                    [DatePublished] => 2003-04-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 203907
                    [Title] => Republic Cement bid to acquire firms faces hurdle
                    [Summary] => The acquisition by Republic Cement Corp. (RCC) of two other cement companies – FR Cement and Lloyd’s Richfield Industrial Corp., from Southeast Asia Cement Holdings Inc. – still has to hurdle a regulatory process that could derail plans to waive the pre-emptive or stock rights offering to the RCC stockholders. 


The Philippine Stock Exchange said since the complete terms and conditions of the transaction have not been disclosed by RCC, it (PSE) "cannot make a definitive determination of the applicability of the Rule on Additional Listing of Shares." 


                    [DatePublished] => 2003-04-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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abtest

SEC okays merger of Fortune and Premiere Cement

By Zinnia B. Dela Peña | June 5, 2004 - 12:00am

The Securities and Exchange Commission (SEC) has approved Fortune Cement Corp.’s merger with its wholly-owned subsidiary Premier Cement Corp. The SEC said the merger will not prejudice the rights of their respective...

Business

Globe’s P2.7-B bond offering gets SEC okay

By Zinnia B. Dela Peña | December 12, 2003 - 12:00am

The Securities and Exchange Commission has approved the P2.7-billion bond offering of Globe Telecom Inc., the cellular unit of Ayala Corp. The bonds which carry a maturity of three years to five years, will be issued...

Business

RCC acquisitions must go through regulatory process

April 28, 2003 - 12:00am

The acquisition by Republic Cement Corp. (RCC) of two other cement companies, FR Cement and Lloyd’s Richfield Industrial Corp., from Southeast Asia Cement Holdings Inc. still has to hurdle a regulatory process...

Business

Republic Cement bid to acquire firms faces hurdle

By Christina Mendez | April 27, 2003 - 12:00am

The acquisition by Republic Cement Corp. (RCC) of two other cement companies – FR Cement and Lloyd’s Richfield Industrial Corp., from Southeast Asia Cement Holdings Inc. – still has to hurdle a regulatory...

Business