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                    [ArticleID] => 221312
                    [Title] => Court names new receiver for Primetown Property
                    [Summary] => The Makati Regional Trial Court has appointed a new rehabilitation receiver for the cash-strapped condominium developer Primetown Property Group Inc., the company told the Philippine Stock Exchange yesterday.


Lawyer Jose Absalom L. Jocom Jr. will replace Ariel Salvador Magno who earlier declined the appointment as Primetown’s receiver.


Primetown has secured a reprieve from the Makati RTC on the payment of its debts to creditors, preventing the company from  paying its outstanding liabilities as of July 2, 2003.


                    [DatePublished] => 2003-09-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 218077
                    [Title] => Primetown Property gets debt relief; rehab plan readied
                    [Summary] => Primetown Property Group Inc. has secured a debt reprieve from the Makati Regional Trial Court, the publicly-listed real estate developer said in a disclosure to securities regulators.


The order thus provides Primetown relief from the  payment of its outstanding liabilities  as of July 2, 2003, the date of filing of the petition for rehabilitation.


The court order, however, does not cover payments and transactions done in the normal course of business such as settlement of administrative expenses including salaries and payments for goods and supplies.


                    [DatePublished] => 2003-08-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 207116
                    [Title] => Primetown Property to build up its capital base, start new projects
                    [Summary] => Cash-strapped real estate developer Primetown Property Group Inc., will focus on a recapitalization program to build up its capital base and improve its liquidity.


In a financial report to the Securities and Exchange Commission,  Primetown said the program involves inviting principal shareholders and prospective strategic investors to participate in the retirement and/or settlement of the company’s obligations to the banks and the buyers in uncompleted projects.  


This is to allow Primetown to start new projects and new businesses on a clean slate.


                    [DatePublished] => 2003-05-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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MAKATI PRIME CENTURY TOWER

Array
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                    [ArticleID] => 221312
                    [Title] => Court names new receiver for Primetown Property
                    [Summary] => The Makati Regional Trial Court has appointed a new rehabilitation receiver for the cash-strapped condominium developer Primetown Property Group Inc., the company told the Philippine Stock Exchange yesterday.


Lawyer Jose Absalom L. Jocom Jr. will replace Ariel Salvador Magno who earlier declined the appointment as Primetown’s receiver.


Primetown has secured a reprieve from the Makati RTC on the payment of its debts to creditors, preventing the company from  paying its outstanding liabilities as of July 2, 2003.


                    [DatePublished] => 2003-09-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 218077
                    [Title] => Primetown Property gets debt relief; rehab plan readied
                    [Summary] => Primetown Property Group Inc. has secured a debt reprieve from the Makati Regional Trial Court, the publicly-listed real estate developer said in a disclosure to securities regulators.


The order thus provides Primetown relief from the  payment of its outstanding liabilities  as of July 2, 2003, the date of filing of the petition for rehabilitation.


The court order, however, does not cover payments and transactions done in the normal course of business such as settlement of administrative expenses including salaries and payments for goods and supplies.


                    [DatePublished] => 2003-08-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 207116
                    [Title] => Primetown Property to build up its capital base, start new projects
                    [Summary] => Cash-strapped real estate developer Primetown Property Group Inc., will focus on a recapitalization program to build up its capital base and improve its liquidity.


In a financial report to the Securities and Exchange Commission,  Primetown said the program involves inviting principal shareholders and prospective strategic investors to participate in the retirement and/or settlement of the company’s obligations to the banks and the buyers in uncompleted projects.  


This is to allow Primetown to start new projects and new businesses on a clean slate.


                    [DatePublished] => 2003-05-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Court names new receiver for Primetown Property

By Zinnia B. Dela Peña | September 20, 2003 - 12:00am

The Makati Regional Trial Court has appointed a new rehabilitation receiver for the cash-strapped condominium developer Primetown Property Group Inc., the company told the Philippine Stock Exchange yesterday. Lawyer...

Business

Primetown Property gets debt relief; rehab plan readied

By Zinnia B. Dela Peña | August 22, 2003 - 12:00am

Primetown Property Group Inc. has secured a debt reprieve from the Makati Regional Trial Court, the publicly-listed real estate developer said in a disclosure to securities regulators. The order thus provides Primetown...

Business

Primetown Property to build up its capital base, start new projects

By Zinnia B. Dela Peña | May 22, 2003 - 12:00am

Cash-strapped real estate developer Primetown Property Group Inc., will focus on a recapitalization program to build up its capital base and improve its liquidity. In a financial report to the Securities and Exchange...

Business