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+ Follow FORMERLY UNIOIL EXPLORATION AND MINERAL DEVELOPMENT CO Tag
FORMERLY UNIOIL EXPLORATION AND MINERAL DEVELOPMENT CO
Array
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    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 223355
                    [Title] => Unioil sets reorg to wipe out deficiency
                    [Summary] => Unioil Resources & Holdings Co. Inc. will undertake a corporate  reorganization to wipe out its capital deficiency, the company told the Philippine Stock Exchange.


Unioil said its board of directors approved in a meeting held last week a plan to transfer the firm’s shares in Westmont Investment Corp. to a yet-to-be-formed company. Wincorp., a wholly-owned investment house subsidiary of Unioil, has been experiencing financial problems due to the withdrawal of investments of its investors.
[DatePublished] => 2003-10-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 216406 [Title] => Unioil appeals fine imposed by SEC [Summary] => Unioil Resources & Holdings Co. Inc. has asked the Securities and Exchange Commission (SEC) to reduce the P235,000 fine imposed on it and reinstate its corporate registration.

In its petition filed with the SEC, Unioil asked that the penalty be reduced to P135,000 and that it be allowed to pay in installments.

Unioil was fined for its failure to submit the quarterly reports for the first and second quarters of 2002 and to file a notice of its annual stockholders meeting and report on independent directors.
[DatePublished] => 2003-08-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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