Rehabilitation and asset transfer of PBM to NSC

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LETTER OF INSTRUCTIONS NO. 1292: Rehabilitation and asset transfer of PBM to NSC

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Title Supreme Court: Rehabilitation and asset transfer of PBM to NSC

Law: Letter Of Instructions No. 1292

Decision Date: Feb 18, 1983

Letter of Instructions No. 1292 orders the sale of Philippine Blooming Mills' billet-making facilities to National Steel Corporation for P60.0 Million, with the proceeds deposited in escrow, and NSC supplying the necessary steel billets, as part of a preliminary rehabilitation plan to revive PBM's operations.

sale

facilities

electric arc furnaces

END