Victorias Milling Company, Inc.
#1
BUSINESS PROFILE


Victorias Milling Company, Inc. (VMC) is a corporation duly organized on May 7, 1919 to engage in integrated raw and refined sugar manufacturing. VMC's sugar plant facilities are located in Victorias City, Negros Occidental.


In the mid 1990s, VMC encountered financial difficulties due to its failure to effectively contain rising overhead costs against a backdrop of falling domestic prices of sugar, and increasing competition from both new and expanded sugar mills and refineries. After going through different stages of legal proceedings, VMC came up with an Alternative Rehabilitation Plan (ARP) that was approved by the Securities and Exchange Commission on November 29, 2000.


The operating subsidiaries of VMC include Victorias Foods Corporation, Canetown Development Corporation, Victorias Quality Packaging Corporation, Victorias Golf & Country Club, Inc., and Victorias Agricultural Land Corporation. These subsidiaries are engaged in several businesses such as fish canning, real estate, sugar sacks manufacturing and packaging, and golf course and restaurant operations


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the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#2
Capital hike planned


SUGAR PRODUCER Victorias Milling Co., Inc. wants to increase its authorized capital stock to around P4 billion from P2.5 billion to accommodate the convertible notes it issued in 1997 in line with the company’s rehabilitation program, a ranking official has said. In a disclosure to the local bourse, the company said it would seek the approval of its shareholders to increase the firm’s authorized capital stock from P2.563 billion divided into 2.563 billion shares to P4.005 billion divided by 4.005 billion on the company’s stockholder meeting in February next year. “We issued P2.4 billion convertible notes during the company’s rehabilitation program in 1997. The bondholders have the option to convert them to common shares until 2018,” Wilson T. Young, chairman of Victorias Milling, said in telephone interview yesterday.

http://www.bworldonline.com/content.php?...s&id=42899
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#3
Posted on December 22, 2011 11:43:01 PM

Sugar mill eyes more asset sales to pay debts


SUGAR PRODUCER Victorias Milling Company, Inc. may sell more assets other than its 57-hectare fishpond to pay off debts, an official said.

http://www.bworldonline.com/content.php?...-&id=43834
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#4
Bonds converted

Lucio C. Tan-led Victorias Milling Company, Inc. has completed the conversion of P428 million worth of convertible bonds into equities as part of the company’s debt restructuring program, the company told the Philippine Stocks Exchange yesterday. The conversion has brought Victorias Milling Company’s outstanding shares to 2.024 billion as of Jan. 16, the disclosure said.“This is inclusive of the [company’s] converted notes of 310.046 million, which was previously reported to the honorable exchange, and the 118.628 million, the documentations for which have been fully completed on Jan. 16,” the disclosure read.“Hence, [the company’s] total converted notes pursuant to its debt restructuring agreement as of January 16, 2012 is 428.674 million,” the disclosure added. A ranking official earlier said the company has P2.4 billion worth of convertible bonds that may be altered into equity.

http://www.bworldonline.com/content.php?...s&id=45191
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#5
Pumasok na pala Narra Capital dito... Antayin ko kapag ma-lift na suspension mukang interesting...

http://www2.pse.com.ph/html/disclosure/p...72_VMC.pdf
And a man, a man provides. And he does it even when he's not appreciated, or respected, or even loved. He simply bears up and he does it. Because he's a man.

- Gus Fring
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#6
Posted on February 07, 2012 09:56:30 PM

Victorias Milling considers revival of Negros railroad

SUGAR PRODUCER Victorias Milling Co., Inc. plans to revive a century-old provincial railway to slash expenses, an official yesterday said, detailing other efforts to improve profitability as well.

http://www.bworldonline.com/content.php?...d&id=46364
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#7
^^Nasa watchlist ko rin to.. hihi. Kelan kaya yan Boss RM? Big Grin
~In all your ways, acknowledge God.

Initializing Bazura Mode...
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#8
Payment proposed

SUGAR PRODUCER Victorias Milling Co., Inc. has proposed to prepay part of its current debt issue to improve its financial situation as it gears to resume trading its shares following a fifteen-year suspension. In a disclosure to the stock exchange Monday, the company announced that its board of directors has approved the prepayment of P500 million worth of convertible notes. At the beginning of its debt rehabilitation, the company had issued P2.4 billion worth of convertible notes as part of its alternative rehabilitation plan. The notes were set to be converted into shares once the company trades its shares once more. “[Victorias Milling] is proposing prepayment of convertible notes and to convert the remaining P1.480-billion notes into equity to make [the company] financially strong,” said Wilson T. Young, Victorias Milling president, in a text message.

http://www.bworldonline.com/content.php?...s&id=51302
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
Reply
#9
trading will resume on monday

http://www.pse.com.ph/resource/memos/201...2-0143.pdf
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#10
^^Salamats Blackwolf! Kumusta Bro RM? hehehe. Big Grin
~In all your ways, acknowledge God.

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