Regent Pacific won't turn other cheek in quixotic feud: battle with Pioneer Industries over bangkok Bank continues, with shareholders losing hope

Article Abstract:

Regent Pacific Group continues to quarrel with the family-controlled and Hong Kong-based holding company Pioneer Industries International. Regent has fought with Pioneer over the latter's investment in a Thai bank and is now trying to stop Pioneer's plan to raise cash by selling its 112 additional shares at a 30% discount to existing shareholders. Company officials from Regent claim that Pioneer's plan to raise some $14 mil from the selling, which will be used to pay off debts and buy properties in the US, is disadvantageous to Pioneer's minority shareholders.

Investments, Hong Kong, Securities, Regent Pacific Group (Hong Kong), Pioneer Industries International

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Some bargain hunters put First Pacific on their lists

Article Abstract:

Analysts recommend buys on First Pacific Corp. shares, claiming that they are undervalued and very likely to grow. Growth is predicted because company managers, whose compensation is weighted in share options, are likely to work toward shareholder value. First Pacific's telecommunications business, which accounted for 27% of 1996 group profit, is likely to contribute more as Philippine subsidiary Smart Communications Inc. establish lead over local competitors Pilipino Telephone and Globe telecoms.

Telecommunications, Telephone Communication, Telecommunications services industry, Telecommunications industry, Forecasts and trends, First Pacific Corp., Smart Communications (Philippines)

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