+ Follow INTERNATIONAL GLOBAL CAPITAL HOLDINGS Tag
INTERNATIONAL GLOBAL CAPITAL HOLDINGS
Array
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[results] => Array
(
[0] => Array
(
[ArticleID] => 295156
[Title] => SEC doubts CAP’s ability to nurse itself back to financial health
[Summary] => The Securities and Exchange Commission (SEC) is challenging College Assurance Plan Phils. Inc. (CAP) to show proof why it can still be rehabilitated when its liabilities already exceed its assets.
"I have not seen their basis why they can still be rehabilitated," SEC chairman Fe Barin said when asked whether CAP can still nurse itself back to financial health.
[DatePublished] => 2005-09-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 293984
[Title] => CAP needs P7B to get back its dealership license
[Summary] => College Assurance Plan Phils. Inc. (CAP) would need to infuse P7 billion into its trust fund to get back its dealership license and avert the liquidation of its assets, a top official of the Securities and Exchange Commission (SEC) said over the weekend.
[DatePublished] => 2005-08-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 288436
[Title] => SEC mulls charges against CAP for violations of pre-need rules
[Summary] => On top of its financial problems, College Assurance Plan Philippines Inc. may face criminal and administrative charges for violation of pre-need rules and the Revised Penal Code, a Securities and Exchange Commission (SEC) official said yesterday.
The official, who requested not to be named, said that aside from taking over the management of CAP, the corporate watchdog is considering other options, including imposing administrative and/or criminal charges against the pre-need firm.
[DatePublished] => 2005-07-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 284468
[Title] => SEC en banc okays creation of CAP management committee
[Summary] => The collegial body of the Securities and Exchange Commission (SEC) has approved the proposal for a management takeover of pre-need firm College Assurance Plan Philippines Inc. (CAP) after careful review of the terminal report prepared by an SEC oversight committee.
An SEC official said the commission en banc, the SEC’s decision-making body, affirmed the oversight committee’s recommendation that a full-time management committee (mancom) be formed to oversee the operations of CAP and its affiliates such as Comprehensive Annuity Plans and Pension Corp. and CAP Health.
[DatePublished] => 2005-07-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 278876
[Title] => SEC okay of CAP’s asset confirmation paves way for P1-B equity infusion
[Summary] => The Securities and Exchange Commission (SEC) has approved College Assurance Plan Phils. Inc.’s asset safekeeping receipt (ASKR) confirmation in favor of European fund manager International Global Capital Holdings (IGCH) AG, paving the way for the latter’s infusion of about P1 billion in fresh capital into the local pre-need firm.
The ASKR, issued by the Philippine Veterans Bank, was a precondition for IGCH’s planned equity investment in CAP. It covers CAP’s MRT bonds which shall remain unencumbered for five years from the date of issuance.
[DatePublished] => 2005-05-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 277191
[Title] => CAP in talks with local group for P1-B equity infusion
[Summary] => College Assurance Plan Phils. Inc. (CAP) is in talks with a local financial services group for the possible infusion of P1 billion in fresh equity as part of hardline efforts to strengthen the pre-need company’s trust fund.
At the same time, CAP director Robert John Sobrepeña said the pre-need firm expects to receive around P1 billion from Europe-based fund manager International Global Capital Holdings AG following the issuance of a bank-to-bank authenticated message of an asset safekeeping receipt (ASKR) over CAP’s MRT bonds.
[DatePublished] => 2005-05-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 273472
[Title] => CAP eyes $25 million from sale of Metro Rail Transit bonds
[Summary] => College Assurance Plan Phils. Inc. (CAP) expects to raise at least $25 million from the sale of its Metro Rail Transit (MRT) bonds.
An official of CAP said International Global Capital Holdings AG (IGCH), a fund manager based in Europe, will be able to raise at least $25 million as equity capital based on the maturity value of the MRT bonds at $160 million.
CAP has concluded a consulting agreement with IGCH which will provide financial advisory services to the local pre-need company.
[DatePublished] => 2005-04-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 272616
[Title] => CAP inks pact with Europe-based Int’l Global Capital Holdings AG
[Summary] => College Assurance Plan Phils. Inc. (CAP) has inked an agreement with International Global Capital Holdings AG (IGCH), a fund manager based in Europe, to help raise equity capital for the pre-need firm.
An official of CAP said IGCH will "provide financial advisory services to CAP with the end in view of raising equity capital " necessary to meet the pre-need firm’s obligations to planholders.
[DatePublished] => 2005-04-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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