+ Follow PRIMETOWN Tag
PRIMETOWN
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 10332
[Title] => Primetown to restructure as Eurovek Land Inc
[Summary] =>
[DatePublished] => 2007-08-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 231186
[Title] => Court supervises Primetown rehab program
[Summary] => Primetown Property Group Inc. has been placed under rehabilitation receivership by the Makati Regional Trial Court, the company said in a disclosure to securities regulators yesterday.
In an order, the Makati RTC has referred Primetown’s rehabilitation plan to Jose Absalom Jocom Jr., the firm’s duly appointed receiver, for study, evaluation and recommendation within 90 days from receipt of order.
[DatePublished] => 2003-12-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 227974
[Title] => Primetown pays P28.7-M debt with Metrobank
[Summary] => Primetown Property Group Inc. has signed a memorandum of agreement with Metropolitan Bank & Trust Co. Inc. for the exchange of P28.7-million worth of real estate properties and receivables for sold inventories previously foreclosed by the bank, the company told the Securities and Exchange Commission.
Primetown said this has resulted in the closure of a long-pending P22.9-million debt overhang booked under accounts payable and accrued expenses. The transaction also resulted in a net loss of P5.7 million.
[DatePublished] => 2003-11-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[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] =>
)
[4] => 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] =>
)
[5] => Array
(
[ArticleID] => 214642
[Title] => Primetown mulls suspension of loan payments
[Summary] => Burdened by huge debts, property firm Primetown Property Group Inc. is considering a suspension of loan payments to keep its creditors at bay as it works out a viable rehabilitation plan.
In a disclosure to the Philippine Stock Exchange, Primetown said its shareholders approved a resolution authorizing the board to file a petition before the courts to place the corporation under rehabilitation. No other details were given by the company.
[DatePublished] => 2003-07-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => 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] =>
)
)
)
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