+ Follow EIGHT ISLANDS Tag
EIGHT ISLANDS
Array
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[results] => Array
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[ArticleID] => 260941
[Title] => Kepco eyes 40% of Salcon Power
[Summary] => Korean Electric Power Corp. (Kepco), the biggest Korean investor in the country’s power sector, plans to acquire as much as 40 percent of Salcon Power Corp. (SPC), a publicly-listed power generation firm controlled by a Singaporean industrial conglomerate.
In a disclosure to the Philippine Stock Exchange, SPC said Kepco, through local subsidiary Kepco Philippines Corp. (Kephilco), will invest in the company either through the purchase of shares from existing shareholders, the subscription to a new issue of shares, or the purchase of treasury shares.
[DatePublished] => 2004-08-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 230159
[Title] => 2 groups take majority control of Salcon Power
[Summary] => JAD Holdings Inc. and Intrepid Holdings Inc. have acquired a combined 37.64 percent stake in listed power generation firm Salcon Power Corp. (SPC).
In a disclosure to the Philippine Stock Exchange, SPC corporate information officer Alfredo Ballesteros said JAD and Intrepid have each acquired an additional 1.43 million shares. With the purchase, JAD and Intrepid now own and have the sole right to vote on a total of 281.28 million shares each of SPC.
[DatePublished] => 2003-12-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 187819
[Title] => SEC okays hike in authorized capital of Salcon International
[Summary] => The Securities and Exchange Commission has approved an increase in the authorized capital stock of Salcon International Inc. (sister company of listed energy firm Salcon Power Corp.) from P12 million to P750 million.
Salcon International was awarded by the Bohol provincial government the authority to rehabilitate, own, and operate the Bohol provincial electric system.
Out of the firm’s new authorized capital, P63 million has been subscribed. The increase was made to cover additional working capital requirements.
[DatePublished] => 2002-12-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 160215
[Title] => Salcon IPO proceeds won’t go to Eight Islands project
[Summary] => Newly-listed energy firm Salcon Power Corp. (SPC) may not be able to channel the proceeds of its initial public offering (IPO) to the 50-megawatt Eight Islands diesel project due to a legal impediment involving its contract with the National Power Corp. (Napocor).
The company told the Philippine Stock Exchange that under the implementing rules and regulations (IRR) of the Electric Power Industry Reform Act of 2001, Napocor is prohibited from incurring new obligations to purchase power through bilateral contracts with other generation companies.
[DatePublished] => 2002-05-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 155892
[Title] => Salcon makes successful debut at PSE
[Summary] => Salcon Power Corp. (SPC) made a successful debut at the stock market as its shares dominated yesterday’s trading, cornering almost half the total transactions.
SPC is the second issue to be listed at the Philippine Stock Exchange this year, following Citystate Savings Bank last January. Placed on the first board as a big-capital stock, SPC is also the first power generation company to be listed since the implementation of the Electric Power Industry Reform Act of 2001.
[DatePublished] => 2002-04-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
December 14, 2002 - 12:00am
