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Philippine Stock Exchange

PSE Circular for Brokers No. 027-98 • Philippine Stock Exchange • Circulars for Brokers • Feb 3, 1998

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February 3, 1998 PSE CIRCULAR FOR BROKERS NO. 027-98 PHILIPPINE STOCK EXCHANGE, INC. Exchange Road, Ortigas Center Pasig City Attention : Ms . Ma . Isabel T . Garcia Compliance & Surveillance Gentlemen : RE : 1988-1989 Tax Assessments Further to our letter of 01 April 1997 on the same subject matter, please be advised that Mabuhay Vinyl Corporation (MVC) received last Monday, January 26, 1998 the related final tax assessment notices from the Bureau of Internal Revenue, Revenue Region No. 8, Makati City reiterating deficiency income taxes for the said years. LLjur As in the previous pre-assessment notice, MVC is filing a protest again not only on the ground that the assessment is erroneous, but the same has in fact already prescribed. Very truly yours, (SGD.) DIOSDADO T. DE LA CRUZ Vice-President Finance

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