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Corporacion Geo SAB de CV (GEOB.MX)

GEOB.MX on Mexico Stock Exchange

6.28MXN
9 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Corporacion Geo gets capitalization of 3.50 bln pesos
Tuesday, 15 Dec 2015 08:34pm EST 

Corporacion Geo SAB de CV:Announces successful completion of its restructuring process.Gets capitalization of 3.50 billion pesos, which will allow the company to gradually resume its growth.  Full Article

Corporacion Geo and its 15 units emerge from insolvency proceedings
Monday, 29 Jun 2015 03:14pm EDT 

Corporacion Geo SAB de CV:Says the Sixth District Judge in Civil Matters has approved insolvency settlement of Corporacion Geo unit, Inmobiliaria Anso SA de CV.As a result, the company and its 15 units emerge from insolvency proceedings.  Full Article

Judge approves insolvency settlement of Corporacion Geo and its units
Monday, 15 Jun 2015 04:18pm EDT 

Corporacion Geo SAB de CV:Says the Sixth District Judge in Civil Matters has approved insolvency settlement of Corporacion Geo, GEO Jalisco SA de CV, GEO Guerrero SA de CV, GEO Baja California SA de CV and GEO Hogares Ideales SA de CV.  Full Article

Corporacion Geo signs credit agreement for 315 mln pesos
Tuesday, 20 Jan 2015 11:47am EST 

Corporacion Geo SAB de CV:Signs credit agreement for 315 million pesos with investors under financial restructuring process.Main investor is Capital Real Estate.Investors to provide GEO with resources for building and housing marketing aimed at different segments of housing, as well as for working capital of company.Credit aimed at housing construction will be implemented in 10 real estate developments and will be divided into two stages.  Full Article

Corporacion Geo to restart 19 housing developments
Thursday, 8 Jan 2015 10:57am EST 

Corporacion Geo SAB de CV:Says to restart 19 housing developments due to revival of bridge loan lines by financial institutions and INFONAVIT program called Redensification and Location Housing (50/70).Bridge loans signed by Banorte, Santander, Banamex and HSBC.Says board of INFONAVIT approved 50/70 program continuity in 2015, which in 2014 was main factor for operational continuity of Geo.Says as part of insolvency proceedings Geo and its 16 units request approval of its creditors in order to obtain second extension of 90 calendar days to seek to successfully complete negotiations.  Full Article