HOPEWELL CROWN

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                    [ArticleID] => 252396
                    [Title] => Crown Equities incurs P7.87-M loss in 1st qtr
                    [Summary] => Listed investment holding firm Crown Equities Inc. (CEI) widened its net loss to P7.87 million in the first quarter this year due to the deconsolidation of its tollways subsidiary and the write-off of pre-operating expenses.


In a financial report filed with the Securities and Exchange Comission, CEI said it had no significant source of income during the period under review.  


CEI’s share in the net losses of its subsidiaries amounted to P26.7 million.


                    [DatePublished] => 2004-06-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 242357
                    [Title] => Crown Equities gives up control of South Luzon tollway firm
                    [Summary] => Publicly-listed holding firm Crown Equities Inc. (CEI) has ceded control of its tollways unit Hopewell Crown Infrastructure Inc. to a consortium led by Northeast Development & Acquisition Corp.


In a disclosure to the Philippine Stock Exchange, CEI said it has given up control of Hopewell Crown after the conditions for closing the transaction were satisfied last March 2.


                    [DatePublished] => 2004-03-13 00:00:00
                    [ColumnID] => 133272
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                    [SectionName] => Business
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                    [ArticleID] => 240499
                    [Title] => Crown Equities to sell controlling stake in Hopewell
                    [Summary] => Publicly-listed Crown Equities Inc. (CEI) is selling its controlling stake in subsidiary Hopewell Crown Infrastructure Inc. to Northeast Development & Acquisition Corp. (NDAC) at a still undisclosed price.


In a disclosure to the Philippine Stock Exchange, CEI said it has entered into a memorandum of agreement with NDAC and expects the deal to be concluded today (Feb. 27).  No other details were given by the company and CEI officials could not be contacted for comment as of presstime.


                    [DatePublished] => 2004-02-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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Crown Equities incurs P7.87-M loss in 1st qtr

By Zinnia B. Dela Peña | June 3, 2004 - 12:00am

Listed investment holding firm Crown Equities Inc. (CEI) widened its net loss to P7.87 million in the first quarter this year due to the deconsolidation of its tollways subsidiary and the write-off of pre-operating...

Business

Crown Equities gives up control of South Luzon tollway firm

March 13, 2004 - 12:00am

Publicly-listed holding firm Crown Equities Inc. (CEI) has ceded control of its tollways unit Hopewell Crown Infrastructure Inc. to a consortium led by Northeast Development & Acquisition Corp. In a disclosure...

Business

Crown Equities to sell controlling stake in Hopewell

By Zinnia B. Dela Peña | February 27, 2004 - 12:00am

Publicly-listed Crown Equities Inc. (CEI) is selling its controlling stake in subsidiary Hopewell Crown Infrastructure Inc. to Northeast Development & Acquisition Corp. (NDAC) at a still undisclosed price. In...

Business