+ Follow BLC Tag
BLC
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[ArticleID] => 203324
[Title] => MPC, Ayala-Campos group complete deal
[Summary] => Metro Pacific Corp. (MPC) and the joint venture between Ayala Land and Greenfield Development Corp. have finally completed the transfer of a $90-million loan the former incurred from its sister company Larouge B.V., paving the way for the official turnover of Bonifacio Land Corp.’s control to the ALI-GDC partnership.
In a statement, MPC said it closed the deal last April 17, transferring the loan to the ALI-GDC group in exchange for a 50.4-percent stake in BLC, the developer of the Bonifacio Global City.
[DatePublished] => 2003-04-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 185485
[Title] => Metro Pacific still biggest landowner in Global City
[Summary] => Metro Pacific Corp. (MPC) will remain the biggest landowner in the Bonifacio Global City, owning 23 percent or 13.11 percent of the 57-hectare not saleable area inside the former Army base.
Under the agreement signed between MPC and the Ayala Land Inc. Greenfield Development Corp. (ALI-GDC) consortium last Saturday, the latter will own 50.4 percent of Bonifacio Land Corp. after it agreed to pay off a $90-million loan owed by MPC to another First Pacific-subsidiary Larouge BV which was secured by a majority share in BLC.
[DatePublished] => 2002-11-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 185197
[Title] => ALI-Campos group acquires Boni Land
[Summary] => Property conglomerate Metro Pacific Corp. (MPC) relinguished control of Bonifacio Land Corp. (BLC) when it signed a $90-million buyout-deal with a consortium composed of Ayala Land Inc. (ALI) and Greenfield Development Corp. (GDC), the property arm of the Campos family’s United Laboratories Group (Unilab).
The acquisition has secured for ALI-GDC a 50.4 percent controlling stake in BLC, the private consortium developing the Bonifacio Global City, one of the most sought-after real estate properties in the country.
[DatePublished] => 2002-11-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1237712
[AuthorName] => Conrado Diaz Jr.
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
[3] => Array
(
[ArticleID] => 184166
[Title] => MPC losses mount in first 9 months
[Summary] => Property conglomerate Metro Pacific Corp.’s (MPC) losses jumped more than five-fold in the first nine months of 2002 due to a huge loan provision and lower revenues from its subsidiaries.
MPC officials attributed the heavy losses to a one-time, non-cash, extraordinary provision of P7.2 billion made during the first half of the year in an anticipation of a potential loss that may arise should foreclosures occur on its shares in Bonifacio Land Corp. (BLC), the private consortium developing the Bonifacio Global City.
[DatePublished] => 2002-11-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 175555
[Title] => MPC still in talks with groups for real estate development projects
[Summary] => Property conglomerate Metro Pacific Corp. said yesterday it has been in talks with several groups for its real estate development projects although no agreement has yet been finalized over its crown jewel – the sale of its controlling stake in Bonifacio Land Corp.
MPC said that while it remains focused on its debt reduction and restructuring activities, it is also pursuing real estate development initiatives to grow its business in the Bonifacio Global City and other areas.
[DatePublished] => 2002-09-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 172246
[Title] => Metro Pacific records P8.07-B loss in 1st half
[Summary] => Metro Pacific Corp., the local flagship of the First Pacific Group of Hong Kong, incurred an unaudited consolidated net loss of P8.07 billion for the first six months of the year, compared with a P1.1-billion loss for the comparable period last year.
The net result included a one-time extraordinary provision of P7.2 billion attributed to possible foreclosures on Bonifacio Land Corp. (BLC) shares pledged to various creditors. Without this exceptional provision, net loss would have been only P887.3 million or 18 percent lower than last year.
[DatePublished] => 2002-08-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 168400
[Title] => Campos joins Tonyboy, MVP in BLC deal
[Summary] => Businessman Jose Y. Campos has joined the group of Antonio O. Cojuangco and Manuel V. Pangilinan, chairman and president respectively, of Philippine Long Distance Telephone Co. (PLDT).
[DatePublished] => 2002-07-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 167953
[Title] => Tonyboy, MVP beat Gokongwei to the punch on Boni Land deal
[Summary] => In a surprising twist of events, a group led by businessman Antonio O. Cojuangco and Philippine Long Distance Telephone Co. (PLDT) president Manuel V. Pangilinan has beaten the Gokongwei group to the punch and acquired majority control of Bonifacio Land Corp. (BLC)...
[DatePublished] => 2002-07-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 151920
[Title] => Metro Pacific suffers P20-B loss
[Summary] => Metro Pacific Corp. expects to suffer a consolidated net loss in excess of P20 billion in 2001, even as the company pursues a restructuring of its debts amounting to P12 billion.
[DatePublished] => 2002-02-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 146880
[Title] => Metro Pacific gets parent firm’s assistance in financial deals
[Summary] => Metro Pacific Corp. (MPC) is slowly losing its grip on managing its own finances as its parent company, Hong Kong-based First Pacific Co. Ltd., has taken a more direct hand in MPC’s financial restructuring program.
In a statement, MPC said Larouge B.V., a wholly-owned First Pacific subsidiary, will now co-manage the ongoing sale process for MPC’s 69.6-percent controlling stake in Bonifacio Land Corp. (BLC), the private consortium developing the Bonifacio Global City in Makati.
[DatePublished] => 2002-01-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
November 26, 2002 - 12:00am
September 11, 2002 - 12:00am
February 26, 2002 - 12:00am
