+ Follow EMERALD INVESTMENTS Tag
EMERALD INVESTMENTS
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[ArticleID] => 359496
[Title] => Cashrounds changes name, hikes capital stock to P1.3B
[Summary] =>
The Securities and Exchange Commission (SEC) has approved the application of online business matchmaker and publicly-listed company Cashrounds Inc. to increase its authorized capital stock from P40 million to P1.3 billion as well as change its corporate name to Information Capital Technology Ventures Inc.
The increase in capitalization was sought to accommodate the need to issue new Cashrounds shares to the controlling shareholders of mobile phone company Next Mobile Inc. (NMI) in exchange for a 19 percent stake in the telecom company.
[DatePublished] => 2006-09-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[1] => Array
(
[ArticleID] => 335556
[Title] => Cashrounds to raise P1.25B for Next Mobile expansion
[Summary] => Publicly listed Cashrounds will be raising at least P1.25 billion ($25 million) by the second half of this year primarily to finance the expansion of its wireless subsidiary Next Mobile Inc. (NMI).
Cashrounds earlier entered into a memorandum of agreement with the five controlling shareholders of NMI to swap shares that would result in NMI shareholders gaining control of Cashrounds to the extent of 99 percent and the latter in turn owning 97 percent of NMI. The parties agreed on a closing date of July 31, 2006.
[DatePublished] => 2006-05-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[2] => Array
(
[ArticleID] => 222534
[Title] => Next Mobile acquires controlling stake in PEP
[Summary] => The owners of telecommunications company Next Mobile Inc. (NMI) are acquiring a controlling stake in publicly listed Premier Entertainment Productions, Inc. (PEP) via a share swap agreement.
The backdoor listing is aimed at raising funds to finance NMI’s expansion program to improve its nationwide coverage and as well as plans to go into other allied businesses, official sources said.
[DatePublished] => 2003-09-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
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[3] => Array
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[ArticleID] => 218743
[Title] => Next Mobile submits DOJ report on ownership issue
[Summary] => Next Mobile (formerly Nextel Communications Phils. Inc. or NCPI) submitted yesterday to the congressional committee on transportation and communications a copy of the Department of Justice resolution dated June 27, 2003 which finally settled the controversy regarding NCPI’s shareholding structure.
During yesterday’s hearing, Catherine Laurel, Next Mobile director for legal affairs, advised the committee of the DOJ’s clear and categorical findings that foreign ownership in NCPI did not exceed the 40 percent legally allowed in public utilities.
[DatePublished] => 2003-08-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[4] => Array
(
[ArticleID] => 213371
[Title] => NBI asked to junk charges vs Nextel
[Summary] => The Department of Justice has asked the National Bureau of Investigation to dismiss a complaint filed against Nextel Communications Phils. Inc. (NCPI) and its corporate shareholders for alleged violation of the anti-dummy law as well as the constitutional limitation on foreign equity in public utilities.
[DatePublished] => 2003-07-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
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[ArticleID] => 153724
[Title] => Nextel bares local conduits in acquisitions
[Summary] => Trunk radio operator Nextel International, Inc. (NII) has admitted to the United States Securities and Exchange Commission (US SEC) that it used several Philippine-registered companies to acquire some 59-percent majority stake in its local managed operating company Nextel Philippines.
Nextel is currently facing a major investigation by the National Telecommunications Commission (NTC) on charges that it violated the cap set by the Philippine Constitution on foreign company of utilities.
[DatePublished] => 2002-03-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
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[6] => Array
(
[ArticleID] => 152285
[Title] => Nextel International bares majority stake in local company
[Summary] => Beleaguered United States-based trunk radio company Nextel International bared before the US Securities and Exchange Commission (US SEC) that it owns close to 59 percent of its local operating company, Nextel Communications Philippines, Inc. (NCPI).
The disclosure was contained in Nextel’s 10-K, 10-Q and S1 reports to the US SEC. The reports are mandatory annual and quarterly disclosures filed by publicly-held companies in the US.
[DatePublished] => 2002-03-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[7] => Array
(
[ArticleID] => 141455
[Title] => Nextel International writes off RP affiliate
[Summary] => US-based Nextel International, Inc. (NII) reported recently that it has discontinued funding to its local affiliate, Nextel Communications Philippines, Inc., following its review of the latter’s operating performance.
In a report to its shareholders and the US Securities and Exchange Commission, NII said it is writing off its Philippine operations also following its "review of economic conditions and other relevant factors relating to Nextel’s operating company (in the Philippines)."
[DatePublished] => 2001-11-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
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[SectionName] => Business
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abtest
September 23, 2006 - 12:00am
September 30, 2003 - 12:00am
August 27, 2003 - 12:00am
November 26, 2001 - 12:00am
