+ Follow FAIRMONT HOLDINGS Tag
FAIRMONT HOLDINGS
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[ArticleID] => 167321
[Title] => Fairmont Holdings to acquire Empire East Properties, Inc.
[Summary] => Fairmont Holdings, Inc. (formerly BW Resources Corp.) will be acquiring Empire East Properties Inc., the low-cost housing division of its sister firm Empire East Land Holdings Inc., through a share purchase agreement worth P59.4 million, the company informed the Philippine Stock Exchange.
In a disclosure, Fairmont said it will acquire the assets of EEPI at book value, providing the company the vehicle to jumpstart its entry into the development of mass housing projects. EEPI has put up a low-cost housing village called Governors’ Hills in Gen. Trias, Cavite.
[DatePublished] => 2002-07-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 166742
[Title] => BW Resources changes name again, this time to Suntrust Home Developers
[Summary] => The former BW Resources Corp. which changed its corporate name to Fairmont Holdings, Inc. is once again changing its name to Suntrust Home Developers Inc. (SHDI) as it shifts forces from tourism and leisure-related projects to housing development.
According to Fairmont’s corporate information officer Fatima Reyes, the company’s board has approved the change in name — just over a year since it junked the scandal-tainted BW name – in line with the amendment in its primary purpose.
[DatePublished] => 2002-07-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 161531
[Title] => SEC ready to close BW Resources case
[Summary] => Nearly two and a half years later, the Securities and Exchange Commission (SEC) is ready to close the controversial case involving BW Resources Corp. (now Fairmont Holdings).
In a letter to the Philippine Stock Exchange (PSE), SEC chairperson Lilia Bautista said the corporate regulator would leave it up to the Department of Justice to take on the criminal cases filed with it.
[DatePublished] => 2002-05-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 160336
[Title] => BW scam continues to hound stock market
[Summary] => The continuing roller-coaster ride of the stock market stems from the BW scam overhang, which sapped out foreign interest in the local bourse.
This is the collective sentiment of traders and analysts who point out to the unsustained rallies that have characterized the stock market for the past three years.
Equitable Securities trader Vivencio Magnaye said the short-lived rallies could be traced to the BW stock market scam that has continued to hound the local bourse.
[DatePublished] => 2002-05-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 96600
[Title] => Megaworld takes over Sheraton Marina project
[Summary] => Upscale property developer Megaworld Corp. will soon take over the financing and development of the multi-billion peso Sheraton Marina Complex from Fairmont Holdings Inc. formerly known as BW Resources Corp.
In a statement to the Philippine Stock Exchange, Fairmont corporate information officer Francis Canuto said the board of directors has authorized the company to enter into an agreement with its parent firm Megaworld for the commercial development of the Malate project, including its financing components.
[DatePublished] => 2001-03-31 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 96203
[Title] => PSE vows to aid SEC in running after guilty parties in BW scandal
[Summary] => Although hindered by a court order, the Philippine Stock Exchange has indicated its willingness to help and cooperate with the Securities and Exchange Commission in the pursuit of the case against guilty individuals, including broers, in the BW Resources trading scandal.
PSE president Ramon T. Garcia said the Exchange welcomes the move by the SEC to complete the investigation of the BW case and refile its report with the Department of Justice, where two earlier versions were practically turned down.
[DatePublished] => 2001-02-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 96881
[Title] => PentaCapital named to lead review of Fairmont
[Summary] => Property heavyweight Megaworld Corp., in a disclosure to the Securities and Exchange Commission, said it had appointed PentaCapital Investment Corp. to lead an advisory team that will conduct financial and legal due diligence on Fairmont Holdings, Inc. (formerly BW Reosurces Corp.) to help Megaworld determine the best possible course of action to take regarding its majority stake in Fairmont in the best interest of the shareholders of Fairmont and Megaworld.
[DatePublished] => 2001-01-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 98372
[Title] => Index ends up in last trading day of the year
[Summary] => Share prices moved in an erratic manner in the last trading day of the year but a late kick spurred by buying in heavyweight stocks punctuated a mild rise at the close.
The 30-company Phisix and the broader All-Shares index retraced the positive route for a second day as investors continued on a bargain-hunting and window-dressing spree in an attempt to enhance their yearend stock portfolio, although there were also some profit-taking on the side.
[DatePublished] => 2000-12-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 98364
[Title] => Index gains 22 pts on window-dressing
[Summary] => Share prices rose yesterday as the year-end window-dressing efforts by companies heightened ahead of today’s last trading session for 2000, boosting a portfolio of selected blue chips.
The 30-company composite index and the broader All-Shares index both rose 1.51 percent to 1486.46 and 806.61, respectively.
[DatePublished] => 2000-12-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 98356
[Title] => PSE lauds DOJ ruling on BW case
[Summary] => While the Securities and Exchange Commission (SEC) intends to pursue the case against brokers that have been implicated in the BW Resources trading scandal last year, the Philippine Stock Exchange has lauded the recent ruling of the Department of Justice absolving the brokers.
[DatePublished] => 2000-12-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
January 30, 2001 - 12:00am
