Tuesday, 3 July 2001
MPC DIVIDENDS NENACO EQUITY TO MPC SHAREHOLDERS
The attached press release has been issued by Metro Pacific Corporation, in which the First Pacific Group holds an attributable interest of 80.6 per cent.
Metro Pacific, which is based and listed in Manila, has interests principally in Property (Bonifacio Land Corporation, Landco Pacific and Pacific Plaza Towers). It also has interests in Banking (First e-Bank) and Transportation (Negros Navigation). Further information on Metro Pacific can be found at www.metropacific.com .
For further information, please contact:
Metro Pacific Corporation
| Jose Ma. Lim | Tel: (632) 555 0211 |
| Group Vice President | |
| Chief Finance Officer | |
| Michael P. Goco | Tel: (632) 888 0806 |
| Group Vice President | |
| Corporate Development | |
or visit www.fbglobalcity.com
Metro Pacific Corporation (MPC) today announced that it intends to dispose of its entire equity interest in Negros Navigation Company Inc. (Nenaco).
MPC will transfer its interest in Nenaco to the shareholders of MPC, by way of dividend, subject to its procurement of certain requisite approvals.
The dividend distribution, which will be effected upon completion of the pending capital restructuring of Nenaco, will further position MPC as a company focused on real estate and property development.
30 June 2001
For further information, please contact:
Metro Pacific Corporation
Jose Ma. K. Lim
Group Vice President - Chief Finance Officer
Tel No 555-0211
Michael P. Goco
Group Vice President - Corporate Development
Tel No 888-0806
| © Copyright 1996-2008 irasia.com Ltd. All rights reserved. Tel: (852) 2831-9792. |
|
DISCLAIMER: irasia.com Ltd makes no guarantee as to the accuracy or completeness of any
information provided on this website. Under no circumstances shall irasia.com Ltd be liable
for damages resulting from the use of the information provided on this website.
TRADEMARK & COPYRIGHT: All intellectual property rights subsisting in the contents of this website belong to irasia.com Ltd or have been lawfully licensed to irasia.com Ltd for use on this website. All rights under applicable laws are hereby reserved. Reproduction of this website in whole or in part without the express written permission of irasia.com Ltd is strictly prohibited. TERMS OF USE: Please read the Terms of Use governing the use of our website. |