Absolut withdraws cases against Phoenix
Lucio Tan-owned Absolut Distillers Inc. has agreed to withdraw the cases filed against Dennis Uy’s listed oil company, Phoenix Petroleum, after the latter agreed to pay its debts.
Source: philstar.com
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Phoenix Petroleum says business as usual amid debt woes
Independent oil player Phoenix Petroleum, facing a writ of attachment that effectively orders the seizure of its properties, said it would continue discussions with its creditors and lenders.
Source: philstar.com