+ Follow MUSIC CORP Tag
MUSIC CORP
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[ArticleID] => 236721
[Title] => Music Corp to freeze trading of shares
[Summary] => The Philippine Stock Exchange (PSE) has granted the request of Music Corp. for the voluntary trading suspension of its shares effective yesterday to avoid any confusion arising from the firm’s quasi-reorganization.
In a disclosure to the PSE, Music
Corp. said the trading suspension will facilitate the reduction in the number of it’s listed shares.
As a result, trading of Music shares shall be based on the adjusted and reduced number of shares upon lifting of the trading suspension.
[DatePublished] => 2004-01-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 227624
[Title] => Music Corp cuts capital deficiency by more than half to P102M
[Summary] => Publicly-listed Music Corp. has managed to reduce its capital deficiency to P102 million from P344 million last year.
In a disclosure to the Philippine Stock Exchange, Music said it expects to further reduce its capital deficiency to P32 million by end-June next year, with profits projected to reach P70 million for the period Oct. 2003 to June 2004.
This as new orders from customers for the third quarter totaled P128 million, up by 124.56 percent from the previous year’s P57 million.
[DatePublished] => 2003-11-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 227388
[Title] => Stockmarket bias likely to remain negative, say analysts
[Summary] => Trading at the stockmarket will remain within a tight range as investors await the outcome of the impeachment complaint filed by lawmakers against Supreme Court Justice Hilario Davide Jr. and other political developments.
Analysts said market sentiment may be negative with the resumption of session in Congress today where lawmakers are expected to formally decide on the impeachment complaint against Davide.
[DatePublished] => 2003-11-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 226056
[Title] => Music Corp taps Unicapital as financial adviser
[Summary] => Publicly-listed Music Corp. has appointed Unicapital Inc. as its financial adviser for a planned fund-raising activity, the company told the Philippine Stock Exchange.
Music plans to raise between P60 million and P90 million in additional capital from the issuance of new shares to fund product engineering and development.
The issuance of new shares will come from the firm’s increase in capital stock following a quasi-reorganization of its capital structure.
[DatePublished] => 2003-10-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 220972
[Title] => Music absorbs semiconductor unit
[Summary] => Music Corp. is absorbing the operations of its wholly-owned subsidiary Music Semiconductors Phils. Inc. (MSPI), the company told the Philippine Stock Exchange.
Music said its planned merger with MSPI is subject to the approval of its stockholders and the relevant regulatory agencies.
Music’s board of directors also approved the change in name of the corporation to Music Semiconductors Corp. and the amendment of its primary purpose to manufacturing from that of a holding firm. The board likewise agreed to raise $1 million in additional capital for the company.
[DatePublished] => 2003-09-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 195568
[Title] => Music Corp turns around operations of US-based unit
[Summary] => Technology holding stock Music Corp. has made a significant impact on the operations of its US-based subsidiary Music Semiconductors Inc. (MSI) to keep the latter’s court-supervised rehabilitation plans on track, a company official told the Philippine Stock Exchange.
Music Corp. corporate secretary Jimmy Soo said since the parent firm took over MSI’s operations in March 2002, "MSI has achieved an unbroken record of profitability and positive cash flow."
[DatePublished] => 2003-02-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 184730
[Title] => Music sustains rebound in Q3
[Summary] => Despite a continuing flat business environment, listed internet company Music Corp. sustained its profitability in the third quarter of the year earning P12.85 million as against a net loss of P271.7 million in the same period a year go.
In a quarterly report filed with the Securities and Exchange Commission, Music said it has been reporting profits for three consecutive quarters with year to date net income of P61 million compared with the P539-million net loss incurred the previous level.
[DatePublished] => 2002-11-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 180581
[Title] => Music Corp aborts restructuring plan
[Summary] => Music Corp., a Philippine-listed investment holding firm, said it would not push through with the planned corporate restructuring program intended to consolidate its assets into a special purpose vehicle (SPV).
In a disclosure to the Philippine Stock Exchange, Music Corp. corporate secretary Jimmy Soo said the company’s board of directors has voted to abandon the restructuring plan, approved by the stockholders late last year, and instead continue in its efforts to tap strategic investments in upstart information technology ventures.
[DatePublished] => 2002-10-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 168436
[Title] => PSE suspends 5 firms for failure to submit reports
[Summary] => The Philippine Stock Exchange (PSE) will suspend trading in five listed companies starting today for their failure to submit required financial statements on time.
According to PSE senior vice president Jose Cervantes, the suspension was originally slated to take effect yesterday (July15) but was re-scheduled due to the simultaneous holding of the Barangay and SK elections, proclaimed as a special non-working holiday nationwide.
[DatePublished] => 2002-07-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 167301
[Title] => PSE docks 7 firms for non-compliance
[Summary] => The Philippine Stock Exchange is set to slap trading suspensions on seven listed firms by July 15 unless they are able to comply with the Exchange’s requirements on the submission of their year-end financial reports.
PSE senior vice president Jose Cervantes said the seven companies are Atlas Consolidated Mining & Development Corp., DMCI Holdings Inc., Fil-Estate Corp., Music Corp., Philippine National Construction Corp., Wellex Industries Inc. and Wise Holdings Inc.
[DatePublished] => 2002-07-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
November 20, 2002 - 12:00am
October 20, 2002 - 12:00am
