COJUANGCO AND YUCHENGCO

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 505393
                    [Title] => Yuchengco confirms being forced to sell shares
                    [Summary] => 
Insurance and banking magnate Alfonso Yuchengco confirmed yesterday he was coerced to sell his stake in Philippine Long Distance Telephone Co., bolstering Senator Panfilo Lacson’s claim that government pressure played a major role in the entry of a Hong Kong-based group into the country’s largest telecommunications firm in 1998.
                    [DatePublished] => 2009-09-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 368710
                    [Title] => Government mulls sale of sequestered PTIC shares
                    [Summary] => 




The government plans to sell the 111,415 sequestered shares in Philippine Telecommunications Investment Corp. (PTIC), the same company that owns around 14 percent of Philippine Long Distance Telephone Co. (PLDT).


Presidential Commission on Good Government  (PCGG) commissioner for assets and management Ricardo Abcede said they are intent on "disposing" the said assets.


Abcede said the proceeds of the sale would go to land reform and deposited with the National Treasury.


                    [DatePublished] => 2006-11-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1735966
                    [AuthorName] => Sandy  Araneta
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 320786
                    [Title] => SC asked to reconsider ruling on PTIC
                    [Summary] => Businessman Alfonso Yuchengco asked the Supreme Court yesterday to reconsider its Jan. 20 ruling that declared the 111,415 shares of the Philippine Telecommunications Investment Corp. (PTIC), a holding company which formerly owned the Philippine Long Distance Telephone Co. (PLDT), as ill-gotten.


In a 75-page motion for reconsideration filed through his lawyer Ramon Quisumbing, Yuchengco and Y Realty Corp. also asked the High Court to remand the case to the Sandiganbayan.


                    [DatePublished] => 2006-02-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

        )

)

abtest

Yuchengco confirms being forced to sell shares

By Zinnia B. Dela Peña | September 16, 2009 - 12:00am

Insurance and banking magnate Alfonso Yuchengco confirmed yesterday he was coerced to sell his stake in Philippine Long Distance Telephone Co., bolstering Senator Panfilo Lacson’s claim that government pressure...

Headlines

Government mulls sale of sequestered PTIC shares

By Sandy  Araneta | November 14, 2006 - 12:00am

The government plans to sell the 111,415 sequestered shares in Philippine Telecommunications Investment Corp. (PTIC), the same company that owns around 14 percent of Philippine Long Distance Telephone Co....

Business

SC asked to reconsider ruling on PTIC

February 9, 2006 - 12:00am

Businessman Alfonso Yuchengco asked the Supreme Court yesterday to reconsider its Jan. 20 ruling that declared the 111,415 shares of the Philippine Telecommunications Investment Corp. (PTIC), a holding company which...

Headlines