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                    [ArticleID] => 253376
                    [Title] => Araneta Properties regains control of smelter plant
                    [Summary] => Publicly-listed Araneta Properties Inc. (API) has reassumed ownership of a smelter plant in Misamis Oriental following the failure of United Silicon Mindanao Inc. to comply with the terms and conditions under the deed of sale they had entered into in 2002.  


In May 2002, United Silicon purchased the smelting plant for P112 million on an installment basis for five years, with the first amortization to start in April 2004.


                    [DatePublished] => 2004-06-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
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UNITED SILICON

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                    [Title] => Araneta Properties regains control of smelter plant
                    [Summary] => Publicly-listed Araneta Properties Inc. (API) has reassumed ownership of a smelter plant in Misamis Oriental following the failure of United Silicon Mindanao Inc. to comply with the terms and conditions under the deed of sale they had entered into in 2002.  


In May 2002, United Silicon purchased the smelting plant for P112 million on an installment basis for five years, with the first amortization to start in April 2004.


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Araneta Properties regains control of smelter plant

By Zinnia B. Dela Peña | June 11, 2004 - 12:00am

Publicly-listed Araneta Properties Inc. (API) has reassumed ownership of a smelter plant in Misamis Oriental following the failure of United Silicon Mindanao Inc. to comply with the terms and conditions under the...

Business