+ Follow BALABAC RESOURCES Tag
BALABAC RESOURCES
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[results] => Array
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[0] => Array
(
[ArticleID] => 387134
[Title] => Lucio Tan firm bares 7 projects
[Summary] =>
Balabac Resources & Holdings Co. Inc.  soon to become the Lucio Tan Group of Companies’ real estate development unit  has lined up seven projects this year, mostly in high-rise residential buildings and office space catering to the needs of business process outsourcing (BPO) firms.
[DatePublished] => 2007-02-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 386910
[Title] => Market to enter consolidation phase this week – analysts
[Summary] =>
The stock market is likely to enter a consolidation phase this week before testing the all-time high level set before the 1997 Asian financial crisis. Some analysts, however, said that the prevailing low interest rate environment is giving investors and traders every reason to continue buying stocks.
Last week, the Philippine composite index or PSEi gained 55.81 percent, or 1.67 percent, to 3,389.37, the highest close since Feb. 5, 1997 when it settled at 3,396.04 points. The all-time high level was recorded at 3,447.60 posted on Feb. 3, 2007.
[DatePublished] => 2007-02-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 385859
[Title] => Lucio Tan joins property bandwagon
[Summary] =>
Lucio Tan has set up a new real estate development company to take advantage of the current property boom being fueled by dollar remittances from overseas workers and low interest rates.
The new firm, Eton Properties Philippines Inc., is positioning itself to be among the leading real estate developers in the country.
[DatePublished] => 2007-02-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 200569
[Title] => Lucio Tan firm to get 25% stake in Balabac
[Summary] => Saturn Holdings Inc., a member company of the Lucio Tan Group, has executed a formal agreement to take in 25 percent of the shares of the publicly-listed Balabac Resources & Holdings Co. Inc. for an aggregate value of P1.231 billlion.
In a disclosure to the Philippine Stock Exchange, Balabac corporate secretary Rolando del Castillo said the closing of the deal is still subject to an exemption from the tender offer rule from the Securities and Exchange Commission, along with the increases in its capital stock to P5 billion.
[DatePublished] => 2003-03-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 197989
[Title] => Saturn Holdings gets exemption from tender offer rule
[Summary] => The Securities and Exchange Commission (SEC) has ruled that the recent purchase by Saturn Holdings Inc. of a 94-percent stake in Balabac Resources & Holdings Co. Inc. is not covered by the agency’s tender offer requirements.
The SEC cited Section 19 of the Securities Regulation Code as reason for its decision to exempt the acquisition by Saturn of a controlling stake in Balabac from the requirements of a mandatory tender offer under the Securities Regulation Code.
[DatePublished] => 2003-03-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 196976
[Title] => Exemption from tender offer rule sought by Balabac buyer
[Summary] => Balabac Resources & Holdings Co. Inc. has asked the Securities and Exchange Commission to exempt the acquisition by Saturn Holdings Inc. of 94 percent of the dormant listed firm from the mandatory tender offer requirement.
Any acquisition involving 35 percent or more of a listed company would trigger a mandatory tender offer. This means that the purchasor shall offer to buy the remaining shares held by minority shareholders at the same terms given to the majority owners.
[DatePublished] => 2003-02-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 191703
[Title] => Group poised to take control of Balabac Resources
[Summary] => A group associated with liquor and tobacco tycoon Lucio Tan will be the controlling interest in the publicly-listed holding firm Balabac Resources & Holdings Co. Inc. as it plans to take up as much as 85 percent of the company’s expanded capital of P5 billion.
At the same time, the move would practically strengthen Balabac’s presence in the real estate business, slowly veering away from its original focus of oil and gas exploration.
[DatePublished] => 2003-01-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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