+ Follow ESPIRITU GROUP Tag
ESPIRITU GROUP
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[ArticleID] => 197623
[Title] => Ageing very fast
[Summary] => Philippine Long Distance Telephone Co. president and chief executive officer Manuel Pangilinan admits he has aged several years in the 12 months of 2002 – and this year is going to be more of the same.
[DatePublished] => 2003-03-04 00:00:00
[ColumnID] => 135040
[Focus] => 0
[AuthorID] => 1488513
[AuthorName] => Margaret Jao-Grey
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
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[ArticleID] => 195101
[Title] => UOBP says Farmix-Espiritu row won’t affect its operations
[Summary] => United Overseas Bank of the Philippines’ (UOBP) operations will not be affected by the current row between former business partners Farmix Fertilizer Group and the Espiritu Group.
"This is a commercial matter that is now pending with the courts and has no bearing on the bank’s operations," UOBP said in a statement.
The case stems from a question of how much Farmix is entitled to as its share from certain UOBP receivables that UOBP used as basis in buying out the remaining shares of the Espiritu Group last year.
[DatePublished] => 2003-02-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[2] => Array
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[ArticleID] => 187202
[Title] => Row among UOBP owners deepens
[Summary] => The dispute between two factions of former owners of the United Overseas Bank of the Philippines (UOBP) turned from bad to worse amid charges of alleged opportunism by the minority shareholders.
Lawyer Francis Lim, senior partner of the ACCRA Law and legal counsel for the controlling Espiritu-Tan Caktiong Group, accused the Farmix Group of illegally increasing their 7.66-percent stake in UOBP, formerly known as Westmont Bank, to 10.36 percent.
[DatePublished] => 2002-12-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[3] => Array
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[ArticleID] => 186816
[Title] => RTC tells UOBP to disclose details of buyout deal
[Summary] => The Manila Regional Trial Court (RTC) has ordered officials of the United Overseas Bank of the Philippines (UOBP) to disclose the settlement agreement for the buy-out by the Singaporean investors of the former Westmont Bank.
Aside from an examination and copying of the settlement accord, the court also ordered that deposition on details of the deal be taken from UOBP president Chua Teng Hui, Jollibee chairman and president Tony Tan Caktiong, and businessman John Espiritu.
[DatePublished] => 2002-12-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[4] => Array
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[ArticleID] => 186406
[Title] => UOBP minority stockholder accuses Espiritu of engaging in ‘dummy deal’
[Summary] =>
A minority stockholder of United Overseas Bank of the Phils. (UOBP) has accused former Finance Secretary Edgardo Espiritu and his associates of engaging in dummy deals, a charge that has been denied by the lawyers of the Espiritus.
The minority stockholder also called on the Bangko Sentral ng Pilipinas (BSP) to investigate the reported settlement between the bank’s majority stockholders and Espiritu Group.
In a press statement, lawyer Roan Libarios claims the same dummy deal "is now being used to deprive the group of its rightful share in UOBP."
[DatePublished] => 2002-12-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
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[ArticleID] => 186297
[Title] => Protracted legal battle seen over minority claim in UOBP
[Summary] => A protracted legal battle is seen over a claim by a minority shareholder in the United Overseas Bank Philippines (UOBP) buy-out settlement.
"If they (Farmix owners) insist on their claim, we will fight it out in court and it will take years before they get their money," said corporate lawyer Francis Lim of the ACCRA law office.
[DatePublished] => 2002-12-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
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[URL] =>
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[6] => Array
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[ArticleID] => 185324
[Title] => House body to probe UOBP deal
[Summary] => The House committee on banks will open an inquiry this week into the alleged control by Singaporean investors of the United Overseas Bank of the Philippines (UOBP).
Rep. Jaime Lopez (Lakas, Manila), committee chairman, said yesterday his panel would want to inquire into whether Singaporeans have indeed gained control of the local bank.
He said the committee would also check if constitutional limitations on foreign ownership of a domestic corporation and the General Banking Act have been violated.
[DatePublished] => 2002-11-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097047
[AuthorName] => Jess Diaz
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
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[ArticleID] => 184982
[Title] => Farmix to blame for being left out of UOB deal – lawyer
[Summary] => The Farmix Group has only itself to blame for being left out in the buyout transaction between the Espiritu Group and the United Overseas Bank Ltd. (UOBL), a prominent corporate counsel said yesterday.
Lawyer Francis Lim of the ACCRA Law Office representing the Espiritu and Tan Caktiong Groups, issued the statement in reaction to accusations by Farmix that it was excluded from the buyout deal.
[DatePublished] => 2002-11-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[8] => Array
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[ArticleID] => 183769
[Title] => BSP asked to bare UOBP buyout deal
[Summary] => A group of minority stockholders in United Overseas Bank of the Philippines (UOBP) has asked the Bangko Sentral ng Pilipinas (BSP) to compel the bank officers to disclose the reported buyout settlement entered into by the Singaporean United Overseas Bank Ltd. (UOBL) with the group of former Finance Secretary Edgardo Espiritu.
[DatePublished] => 2002-11-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[9] => Array
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[ArticleID] => 168813
[Title] => Minority stockholders’ intervention in UOBP deal too late, says Espiritu group
[Summary] => "Too late."
This was the argument of the Espiritu-led group when it asked the Regional Trial Court of Manila (Branch 46) to deny a minority stockholder’s opposition to the compromise agreement earlier arrived at the buy-out of United Overseas Bank of the Philippines (UOBP) by the Singapore-based United Overseas Bank Ltd. (UOBL).
[DatePublished] => 2002-07-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
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abtest
February 12, 2003 - 12:00am
December 9, 2002 - 12:00am
December 6, 2002 - 12:00am
December 2, 2002 - 12:00am
November 22, 2002 - 12:00am
November 13, 2002 - 12:00am
