By Julito G. Rada | Feb. 12, 2015 at
10:55pm [ manilastandardtoday.com ]
State-run Philippine Deposit Insurance
Corp. said Thursday it will sell P253.9 million worth of properties and assets
owned by closed banks.
PDIC said it would hold an auction, on
an “as-is, where-is” basis, for several properties located in Mindanao and
several vehicles and equipment in Makati City.
The deposit insurer said it would sell
115 properties consisting of condominium units, parking slots and other real
properties located in Davao del Sur, Davao del Norte, Cagayan de Oro City,
Compostella Valley, General Santos City and Camiguin.
The auction will be held on Feb. 26 at
Unit 80, 8th Floor, Landco-PDCP Condominium Building, Pryce Business Park, J.P.
Laurel, Davao City.
Meanwhile, PDIC will hold an auction
on March 5 in Makati City for 12 transportation equipment and three generator
sets.
PDIC asked bidders to bring proper
identification with photo and to come at least one hour prior to the opening of
bids to register and submit the requirements.
Bid documents such as bid forms,
conditions of bid and standard format of the special power of attorney and
secretary’s certificate may be downloaded free of charge from the PDIC website.
A participation fee of P25,000 either
in cash and/or manager’s check is required of all bidders. The fee will be
returned to non-winning bidders at the end of the auction.
The winning bidder is required to pay
a downpayment equivalent to 10 percent of the bid on the day of the auction.
The participation fee of the winning bidder will form part of the downpayment
and purchase price.
PDIC said public biddings and auctions
were regularly conducted to expeditiously dispose of non-financial assets, one
of the strategic directions outlined in the agency’s roadmap.
PDIC, as liquidator of closed banks,
disposes of assets acquired from closed banks and use proceeds to enhance the
recovery of uninsured depositors and creditors.
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