+ Follow CEMCO HOLDINGS Tag
CEMCO HOLDINGS
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[ArticleID] => 347633
[Title] => Bacnotan eyes investments in housing, education and energy
[Summary] =>
Loaded with a cash pile of P2 billion, Bacnotan Consolidated Industries Inc. (BCII) is looking at further expanding its investments in the housing, education and energy sectors to further boost its cashflow.
In a briefing with reporters following the company’s special stockholders meeting Friday, BCII chairman Oscar J. Hilado said the firm, awash with cash from the sale of its cement business, is considering acquiring another university next year.
He said the group is looking at three prospects, all of which are outside Metro Manila.
[DatePublished] => 2006-07-16 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] => 275375
[Title] => Bacnotan Consolidated expands school portfolio
[Summary] => Bacnotan Consolidated Industries Inc. (BCII) has acquired 56 percent of the issued and outstanding shares of Cagayan de Oro College Inc. for P173.3 million through a share purchase agreement, the company said in a disclosure to the Philippine Stock Exchange.
This is the second school acquired by BCII after the Manila-based Araullo University. The move is in line with the company’s strategy to expand investments in the services sector to generate attractive shareholder value.
[DatePublished] => 2005-04-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 273753
[Title] => Bacnotan eyes hotels, med services
[Summary] => Awash with cash from the sale of its cement business, Bacnotan Consolidated Industries Inc. (BCII) – a unit of the Phinma Group of Companies – is expanding its investments in the services sector to include medical services and hotels as part of efforts to tap other potential revenue-generating businesses.
BCII president Ramon Del Rosario Jr. said the company is looking to invest in a full-service hospital which could cost between P350 million and P500 million.
[DatePublished] => 2005-04-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 271182
[Title] => Trading seen sluggish ahead of Easter break
[Summary] => Trading is expected to be sluggish this week as investors prefer to hold onto their cash ahead of the Easter break, analysts said.
In its online weekly report, BPI Securities said security concerns and the lack of new positive developments will likely keep investors sidelined.
[DatePublished] => 2005-03-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 270574
[Title] => CA restrains SEC in tender offer rule dispute
[Summary] => The Court of Appeals has ordered the Securities and Exchange Commission (SEC) to stop implementing a directive requiring the holding company that bought into Union Cement Corp. to buy the remaining shares held by minority investors.
The temporary restraining order (TRO), effective for a period of 60 days from notice, is in response to the petition of Cemco Holdings Inc. to nullify the SEC order requiring the latter to make a tender offer to the remaining minority shareholders of Union Cement.
[DatePublished] => 2005-03-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 260216
[Title] => Phinma sells 51% of Union Cement to Cemco Holdings
[Summary] => The Phinma Group executed yesterday a share purchase agreement with Cemco Holdings covering its 51- percent interest in Union Cement Holdings Corp. (UCHC).
The agreement calls for Phinma’s divestment of a total of 493.85 million UCHC shares for $214 million. Of these, 206.33 million (equivalent to a 21.31-percent stake in UCHC) belong to Bacnotan Consolidated Industries Inc. (BCII), the flagship holding company of the Phinma Group, while the balance is owned by Atlas Cement Corp., a 53-percent owned subsidiary of BCII.
[DatePublished] => 2004-08-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 256627
[Title] => Phinma Group sells 51% stake in Union Cement for $214M
[Summary] => The Phinma Group has sold its 51-percent interest in Union Cement Holdings Corp. (UCHC) to Cemco Holdings for $214 million.
Phinma, one of the country’s largest cement groups, will dispose of a total of 493.85 million shares in UCHC of which 206.33 million (equivalent to a 21.31-percent stake in UCHC) belong to Bacnotan Consolidated Industries Inc. (BCII), the group’s flagship holding company, while the balance is owned by Atlas Cement Corp., a 53-percent owned subsidiary of BCII.
[DatePublished] => 2004-07-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 143591
[Title] => Alsons Cement, Holderfin agree on debt-to-equity deal
[Summary] => Mindanao-based Alsons Cement Corp. and Holderfin B.V., the holding company of Holderbank Financiers Glaris Ltd., will be exercising a debt-to-equity conversion that will involve about P3.53 billion of the former’s debt load.
Alsons wrote the Philippine Stock Exchange that its board of directors approved in a special meeting the conversion to equity of a portion of the loans obtained from Holderfin through the issuance of shares to Holderfin’s assignee, Cemco Holdings Inc.
[DatePublished] => 2001-12-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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abtest
December 14, 2001 - 12:00am
