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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 298921 [Title] => PPI hits opposition to its license application [Summary] => Pacific Plans Inc. (PPI) branded yesterday the opposition filed by the Parents Enabling Parents Coalition (PEPC) against its license application as mere harassment, saying it is intended to sabotage the interest of the 400,000 fixed planholders of its now defunct subsidiary Lifetime Plans Inc.
"It is a clear case of harassment against PPI, which seeks to revive its business of selling fixed plans and serve its remaining planholders," spokesperson Jeanette C. Tecson said.
[DatePublished] => 2005-09-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 282999 [Title] => Court upholds SEC order vs Lifetime [Summary] => Dealing a major setback to Pacific Plans Inc. (PPI), the Makati Regional Trial Court has upheld a Securities and Exchange Commission (SEC) ruling revoking the certificate of incorporation of Lifetime Plans Inc., a spin-off subsidiary of PPI.
In the same order, the Makati RTC has directed PPI to fold in the assets of Lifetime since the latter is now dissolved with the revocation of its registration license. "Since Lifetime is now inexistent, only petitioner PPI remains and all assets of Lifetime now pertain to PPI," the court said.
[DatePublished] => 2005-06-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Zinnia B. Dela Peña | September 28, 2005 - 12:00am
By Zinnia B. Dela Peña | June 22, 2005 - 12:00am
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