NORTH STAR ARRASTRE

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                    [ArticleID] => 191801
                    [Title] => Nenaco to raise P1-B for capex, vessels purchase
                    [Summary] => Metro Pacific Corp.-subsidiary Negros Navigation Co. (Nenaco) plans to raise around P1 billion by the second quarter either through a rights offering or private placement, proceeds of which will be used for capital expenditure and acquisition of new freighters. 


With the company expected to post a P100-million profit in 2002 from a net loss of P1.36 billion in 2001, Nenaco believes it is now in a position to return to the capital market. 


                    [DatePublished] => 2003-01-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
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Nenaco to raise P1-B for capex, vessels purchase

January 17, 2003 - 12:00am

Metro Pacific Corp.-subsidiary Negros Navigation Co. (Nenaco) plans to raise around P1 billion by the second quarter either through a rights offering or private placement, proceeds of which will be used for capital...

Business