+ Follow EPCIBANK Tag
EPCIBANK
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[results] => Array
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[ArticleID] => 363423
[Title] => BSP okays SM Investments’ acquisition of EPCIB shares
[Summary] =>
Investment holding firm SM Investments Corp. (SMIC) said the Bangko Sentral ng Pilipinas (BSP) has approved in principle its acquisition of more shares in Equitable PCI Bank (EPCIBank), the country’s third largest lender.
SMIC said in a disclosure to the Philippine Stock Exchange that it is now in the process of complying with the BSP’s requirements.
[DatePublished] => 2006-10-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 360499
[Title] => SMIC tender offer attracts EPCIB minority stockholders
[Summary] => SM Investments Corp. (SMIC), the listed investment holding company of the group of retail tycoon Henry Sy, said minority shareholders of Equitable PCI Bank, accounting for 51.6 percent of the country’s third largest lender, tendered their shares at P92 per share for a total consideration of P34.49 billion.
[DatePublished] => 2006-09-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 357817
[Title] => SM allots P44B for EPCIB buyout
[Summary] => SM Investments Corp. (SMIC), the listed investment holding company of retail tycoon Henry Sy, said it has enough resources to buy out other shareholders of Equitable PCIBank and that its solid financial position should speak for itself.
SMIC executive vice-president Jose Sio said the acquisition of EPCIBank, which is estimated to amount to P44.15 billion, would come from a combination of internally generated funds, sale of assets and borrowings.
[DatePublished] => 2006-09-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 343046
[Title] => Romulo refutes Garcia charges
[Summary] => Presidential Adviser Roberto R. Romulo refuted yesterday the charges brought up by Government Service Insurance System (GSIS) president and general manager Winston Garcia to the Department of Justice (DOJ) relating to his appointment as an independent director in Equitable PCI Bank, the country’s third biggest lender.
In a statement, Romulo said Garcia’s relentless campaign against him "has now reached the realm of the ridiculous as he ignores even the rulings of regulatory authorities and the common-sensical interpretation of corporate laws and regulations."
[DatePublished] => 2006-06-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 341127
[Title] => SC reverses Sandigan on EPCIB election
[Summary] => The Supreme Court has nullified the resolution of the Sandiganbayan disqualifying Trans-Middle East Equities Inc. (TMEE) from voting its shares during the annual stockholders meeting of Equitable PCI Bank last May 23.
Voting 13-0, the High Tribunal also declared invalid the election of another person to a seat on the bank’s board of directors to which TMEE is entitled.
[DatePublished] => 2006-06-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 341309
[Title] => SC reverses Sandigan on EPCIB election
[Summary] => The Supreme Court has nullified the resolution of the Sandiganbayan disqualifying Trans-Middle East Equities Inc. (TMEE) from voting its shares during the annual stockholders meeting of Equitable PCI Bank last May 23.
Voting 13-0, the High Tribunal also declared invalid the election of another person to a seat on the bank’s board of directors to which TMEE is entitled.
[DatePublished] => 2006-06-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 334871
[Title] => SEC reprimands EPCIB for code violation
[Summary] => Equitable PCI Bank received a mere slap on the wrist from the Securities and Exchange Commission (SEC) despite findings it violated the independent director provision of the Securities Regulation Code (SRC).
This as the SEC approved the recommendation of its Compliance and Enforcement Department (CED) to not impose criminal and administrative sanctions against EPCIBank and its nomination committee.
The CED opted to just impose the penalty of reprimand on EPCIBank with a stern warning that any future violations will be severely dealt with in accordance with law.
[DatePublished] => 2006-05-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 332639
[Title] => SEC gives GSIS 5 days to name mystery buyer of EPCIB shares
[Summary] => The Securities and Exchange Commission (SEC) has directed Government Service Insurance System (GSIS) president and general manager Winston Garcia to disclose the "mystery buyer" of shares in Equitable PCIBank to prevent speculation on the stock and safeguard the interest of the investing public.
Garcia was given five days by the SEC to name the buyer who has offered to acquire the shares held by majority shareholders in EPCIBank at P95 per share.
[DatePublished] => 2006-04-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 330777
[Title] => Romualdez family to keep EPCIB stake
[Summary] => The Romualdez family’s Trans Middle East Philippine Equities Inc. is not yet ready to give up its stake in Equitable PCI Bank in spite of a tempting offer from an unidentified investor group to buy shares held by major shareholders in EPCI Bank at P95 each.
[DatePublished] => 2006-04-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 326853
[Title] => Unidentified investor offers to buy 80% of EPCIB at P95/share
[Summary] => An unidentified buyer has offered to buy Equitable PCI Bank shares held by the major shareholders at P95 each, state-run pension fund Government Service Insurance System (GSIS) president and general manager Winston Garcia told the Philippine Stock Exchange yesterday.
The major shareholders of EPCIBank are the SM Group of retail tycoon Henry Sy which holds about 34 percent, the Social Security System (26.6 percent), GSIS (12 percent), and Trans-Middle East Philippines Equities (7.1 percent). Together, they hold nearly 80 percent of the bank.
[DatePublished] => 2006-03-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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