Arthaland timeline
Category: Other
Updated: 1 Nov 2019
Contributors
Created byBernadette
Attachments
Events
PDIC files a criminal complaint against GonzalezPacific Rehouse Corporation (headed by Gatchalian) sues EIB Securities, a 100% owned subsidy of EIBGonzalez charged with the misappropriation of EIB funds to fast-track properties in Batangas for the benefit of Arthaland and for the unneccessary success fee.(Approx date) Arthaland pays EIB 13 million for the SPA propertiesDOJ dismisses criminal complaintEIB Realty signs an agreement with EIB for the development of One McKinley PlaceEIB merges with Urban Bank Inc. EIB acquires Exportbank Plaza and One Mckinley Place(Approx date) PDIC agrees to buy P$10 billion of EIB's NPAs at a 70% discount from EIB(Approx date) PDIC's 'loan' to EIB takes effect. EIB receives a total of $9 billion(Approx date) Gonzalez becomes President of EIBEIB and EIB Realty agree on a SPA that includes Exportbank Plaza and the Fort Bonifacio propertyFort Bonifacio excluded from S{A(Approx date) Arthaland derecognises provision of One Mckinley Place which it previously took over in Devember 2007.EIB Realty becomes Arthaland. Gonzalez becomes President.(Approx date) Arthaland acquires the Batangas property from an unknown sourcePDIC buys EIB's NPAsEIB shut down and placed under receivershipEIB rehabilitation bidding fails
Comments