+ Follow STENIEL MANUFACTURING CORP Tag
STENIEL MANUFACTURING CORP
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[ArticleID] => 346032
[Title] => Steniel shareholders approve rehab plan
[Summary] => Shareholders of publicly-listed Steniel Manufacturing Corp. have given their approval on the debt-strapped packaging firm’s plan to go into rehabilitation.
In a disclosure to the Philippine Stock Exchange, Steniel said "shareholders, representing at least two thirds of the company’s issued and outstanding capital stock, authorized the company to enter into rehabilitation proceedings."
Steniel owes banks about P700 million in loans. With interest, the company’s debt reaches up to P850 million.
[DatePublished] => 2006-07-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 179139
[Title] => Steniel to restructure P851.5-million loans
[Summary] => Publicly-listed packaging firm Steniel Manufacturing Corp. is negotiating with its creditor banks for the restructuring of about P851.5 million in loans ahead of the Oct. 10, 2002 deadline for its payment, a company official told the Philippine Stock Exchange.
Steniel’s corporate information officer Nicanor Juan Montoya said the company received a notice of default last Sept. 30 declaring the entire amount due and payable on or before Oct. 10, as stipulated in the Nov. 10, 2000 omnibus agreement entered with the various lender banks.
[DatePublished] => 2002-10-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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