ACESITE PHILS

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                    [ArticleID] => 254999
                    [Title] => Manila court bars Acesite Hotel from holding stockholders meet
                    [Summary] => Acesite (Phils.) Hotel Corp. failed to hold its annual stockholders meeting yesterday as the Manila Regional Trial Court ruled that the person who scheduled the meeting was not authorized to do so.


Judge Artemio Tipon of the Manila RTC said the annual meeting called by lawyer Gaudencio Palafox  should not take place since  the latter has no authority to call a stockholders meeting.


Under the Corporation Code, only the corporate secretary and the Securities and Exchange Commission can compel a corporation to hold a stockholders meeting.


                    [DatePublished] => 2004-06-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 196095
                    [Title] => Acesite group opposes sale of Manila Pavilion to Waterfront
                    [Summary] => The Acesite group, the controlling owners of Manila Pavilion Hotel, has contested the sale of its 75-percent interest in the hotel to Waterfront Philippines Inc. (WPI), arguing they were not informed beforehand of the deal by Equitable PCI Bank. 


Acesite officials said they have filed a civil case with the Makati Regional Trial Court yesterday to protest the sale of the shares, which were pledged to EBC by virtue of a share mortgage dated Feb. 25, 1993. 


                    [DatePublished] => 2003-02-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 98004
                    [Title] => Holiday Inn Manila has new foreign owner
                    [Summary] => From one foreign owner to another, a controlling block of listed stock Acesite (Phils.) Hotel Corp., which owns Holiday Inn Manila, has been sold for about P1.66 billion, documents furnished the Philippine Stock Exchange show.


Acesite president Francis Lam said South Port Development Ltd., a British Virgin Islands-registered firm which has experience in running leisure facilities in mainland China and Australia, has acquired in full Acesite Ltd., the parent firm of Acesite Phils. and likewise incorporated in the British Virgin Islands.


                    [DatePublished] => 2000-11-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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Manila court bars Acesite Hotel from holding stockholders meet

By Zinnia B. Dela Peña | June 23, 2004 - 12:00am

Acesite (Phils.) Hotel Corp. failed to hold its annual stockholders meeting yesterday as the Manila Regional Trial Court ruled that the person who scheduled the meeting was not authorized to do so. Judge Artemio...

Business

Acesite group opposes sale of Manila Pavilion to Waterfront

By Christina Mendez | February 20, 2003 - 12:00am

The Acesite group, the controlling owners of Manila Pavilion Hotel, has contested the sale of its 75-percent interest in the hotel to Waterfront Philippines Inc. (WPI), arguing they were not informed beforehand of...

Business

Holiday Inn Manila has new foreign owner

By Christina Mendez | November 22, 2000 - 12:00am

From one foreign owner to another, a controlling block of listed stock Acesite (Phils.) Hotel Corp., which owns Holiday Inn Manila, has been sold for about P1.66 billion, documents furnished the Philippine Stock...

Business