+ Follow WINCORP Tag
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 619112
[Title] => MMDA's fault?
[Summary] => We are happy to note that an issue raised by cause-oriented groups and picked up by media recently appears headed for closure.
[DatePublished] => 2010-10-10 00:00:00
[ColumnID] => 134315
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 472583
[Title] => Starting over
[Summary] => Our last piece on the Trina Etong case drew quite a response from many of our readers.
[DatePublished] => 2009-05-31 00:00:00
[ColumnID] => 134315
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 471251
[Title] => Mysterious investor
[Summary] => Speculations are rife that the Bureau of Internal Revenue (BIR) is hot on the trail of a mysterious “investor” in the defunct Westmont Investment Corp. (Wincorp).
[DatePublished] => 2009-05-27 00:00:00
[ColumnID] => 134315
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 448642
[Title] => A trail of SEC failure to protect investing public
[Summary] => Finally, following the Senate public hearing on the financial troubles that led to the closure of several pre-need companies, a proposed bill came out of this “inquiry in aid of legislation.
[DatePublished] => 2009-03-16 00:00:00
[ColumnID] => 136417
[Focus] => 0
[AuthorID] => 1097308
[AuthorName] => Marichu A. Villanueva1
[SectionName] => Opinion
[SectionUrl] => opinion
[URL] =>
)
[4] => Array
(
[ArticleID] => 236222
[Title] => Unioil Resources acts to wipe out deficit
[Summary] => Unioil Resources and Holdings Inc. expects to complete the transfer of its shares in Westmont Investment Corp. (Wincorp) to a newly-formed corporation by March, the company told the Philippine Stock Exchange.
The transfer of shares is part of Unioil’s reorganization plan aimed at wiping its capital deficiency amounting to P133.34 million.
Under the plan, Unioil will transfer all of its shares in Wincorp to a new wholly-owned subsidiary which will have an authorized capital of P400,000, divided into 40 million shares with a par value of P0.01 per share.
[DatePublished] => 2004-01-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 223355
[Title] => Unioil sets reorg to wipe out deficiency
[Summary] => Unioil Resources & Holdings Co. Inc. will undertake a corporate reorganization to wipe out its capital deficiency, the company told the Philippine Stock Exchange.
Unioil said its board of directors approved in a meeting held last week a plan to transfer the firm’s shares in Westmont Investment Corp. to a yet-to-be-formed company. Wincorp., a wholly-owned investment house subsidiary of Unioil, has been experiencing financial problems due to the withdrawal of investments of its investors.
[DatePublished] => 2003-10-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 195328
[Title] => Ebecom gets SEC nod to hike capital from P10-M to P400-M
[Summary] => Ebecom Holdings Inc. has obtained the approval of the Securities and Exchange Commission to increase its authorized capital to P400 million from only P10 million, thus paving the way for its planned stock rights offering.
The company intends to issue 97.5 million shares to its stockholders at P1 per share. All shareholders as of Sept. 18 can buy 11 shares for every one share held.
Asian Alliance Investment Corp. was tapped as lead underwriter for the issue.
[DatePublished] => 2003-02-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 165188
[Title] => No BSP nod for P1.4-B loan transfer — UOBP
[Summary] => The Filipino shareholders of the then troubled Westmont Bank transferred to themselves the controversial P1.4 billion in loans at a Nov. 23, 1999 board meeting, contrary to their allegations that it was done by United Overseas Bank (UOB) of Singapore.
Westmont Bank, then under the control of the Espiritu group, represented and warranted to UOB that the transfer of the loans was legal and valid and that all the necessary approvals had been secured from the BSP, United Overseas Bank of the Philippines (UOBP) said in a statement.
[DatePublished] => 2002-06-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 131577
[Title] => CICI may lose license due to capital deficiency
[Summary] => The CICI General Insurance Corp., a Filipino-owned non-life insurance company, stands to lose its license if its fails to fill a capital deficiency of P59.426 million by the end of the month.
CICI General Insurance is a subsidiary of Westmont Investment Corp. (Wincorp), which was established by former Finance Secretary Edgardo B. Espiritu. The non-life insurance company had a net worth of P90 million in 1999.
[DatePublished] => 2001-08-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 128774
[Title] => SEC charges vs Wincorp junked
[Summary] => The Securities and Exchange Commission (SEC) has suffered a setback in pursuing its case against Westmont Investment Corp. (Wincorp) as the Department of Justice (DOJ) dismissed the charges "for lack of merit."
In a 22-page resolution issued last July 3 – but which was only received by the SEC on July 31 – the three-man DOJ investigating panel junked the SEC’s motion to charge Wincorp officials with criminal and civil liabilities for allegedly violating certain provisions of the Securities Regulation Code.
[DatePublished] => 2001-08-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
WINCORP
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 619112
[Title] => MMDA's fault?
[Summary] => We are happy to note that an issue raised by cause-oriented groups and picked up by media recently appears headed for closure.
[DatePublished] => 2010-10-10 00:00:00
[ColumnID] => 134315
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 472583
[Title] => Starting over
[Summary] => Our last piece on the Trina Etong case drew quite a response from many of our readers.
[DatePublished] => 2009-05-31 00:00:00
[ColumnID] => 134315
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 471251
[Title] => Mysterious investor
[Summary] => Speculations are rife that the Bureau of Internal Revenue (BIR) is hot on the trail of a mysterious “investor” in the defunct Westmont Investment Corp. (Wincorp).
[DatePublished] => 2009-05-27 00:00:00
[ColumnID] => 134315
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 448642
[Title] => A trail of SEC failure to protect investing public
[Summary] => Finally, following the Senate public hearing on the financial troubles that led to the closure of several pre-need companies, a proposed bill came out of this “inquiry in aid of legislation.
[DatePublished] => 2009-03-16 00:00:00
[ColumnID] => 136417
[Focus] => 0
[AuthorID] => 1097308
[AuthorName] => Marichu A. Villanueva1
[SectionName] => Opinion
[SectionUrl] => opinion
[URL] =>
)
[4] => Array
(
[ArticleID] => 236222
[Title] => Unioil Resources acts to wipe out deficit
[Summary] => Unioil Resources and Holdings Inc. expects to complete the transfer of its shares in Westmont Investment Corp. (Wincorp) to a newly-formed corporation by March, the company told the Philippine Stock Exchange.
The transfer of shares is part of Unioil’s reorganization plan aimed at wiping its capital deficiency amounting to P133.34 million.
Under the plan, Unioil will transfer all of its shares in Wincorp to a new wholly-owned subsidiary which will have an authorized capital of P400,000, divided into 40 million shares with a par value of P0.01 per share.
[DatePublished] => 2004-01-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 223355
[Title] => Unioil sets reorg to wipe out deficiency
[Summary] => Unioil Resources & Holdings Co. Inc. will undertake a corporate reorganization to wipe out its capital deficiency, the company told the Philippine Stock Exchange.
Unioil said its board of directors approved in a meeting held last week a plan to transfer the firm’s shares in Westmont Investment Corp. to a yet-to-be-formed company. Wincorp., a wholly-owned investment house subsidiary of Unioil, has been experiencing financial problems due to the withdrawal of investments of its investors.
[DatePublished] => 2003-10-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 195328
[Title] => Ebecom gets SEC nod to hike capital from P10-M to P400-M
[Summary] => Ebecom Holdings Inc. has obtained the approval of the Securities and Exchange Commission to increase its authorized capital to P400 million from only P10 million, thus paving the way for its planned stock rights offering.
The company intends to issue 97.5 million shares to its stockholders at P1 per share. All shareholders as of Sept. 18 can buy 11 shares for every one share held.
Asian Alliance Investment Corp. was tapped as lead underwriter for the issue.
[DatePublished] => 2003-02-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 165188
[Title] => No BSP nod for P1.4-B loan transfer — UOBP
[Summary] => The Filipino shareholders of the then troubled Westmont Bank transferred to themselves the controversial P1.4 billion in loans at a Nov. 23, 1999 board meeting, contrary to their allegations that it was done by United Overseas Bank (UOB) of Singapore.
Westmont Bank, then under the control of the Espiritu group, represented and warranted to UOB that the transfer of the loans was legal and valid and that all the necessary approvals had been secured from the BSP, United Overseas Bank of the Philippines (UOBP) said in a statement.
[DatePublished] => 2002-06-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 131577
[Title] => CICI may lose license due to capital deficiency
[Summary] => The CICI General Insurance Corp., a Filipino-owned non-life insurance company, stands to lose its license if its fails to fill a capital deficiency of P59.426 million by the end of the month.
CICI General Insurance is a subsidiary of Westmont Investment Corp. (Wincorp), which was established by former Finance Secretary Edgardo B. Espiritu. The non-life insurance company had a net worth of P90 million in 1999.
[DatePublished] => 2001-08-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 128774
[Title] => SEC charges vs Wincorp junked
[Summary] => The Securities and Exchange Commission (SEC) has suffered a setback in pursuing its case against Westmont Investment Corp. (Wincorp) as the Department of Justice (DOJ) dismissed the charges "for lack of merit."
In a 22-page resolution issued last July 3 – but which was only received by the SEC on July 31 – the three-man DOJ investigating panel junked the SEC’s motion to charge Wincorp officials with criminal and civil liabilities for allegedly violating certain provisions of the Securities Regulation Code.
[DatePublished] => 2001-08-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
October 10, 2010 - 12:00am
October 7, 2003 - 12:00am
