PSE Circular for Brokers No. 087-99
PSE Circular for Brokers No. 087-99 • Philippine Stock Exchange • Circulars for Brokers • Jan 19, 1999
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January 19, 1999 PSE CIRCULAR FOR BROKERS NO. 087-99 January 18, 1999 The Securities and Exchange Commission SEC Building, E. delos Santos Avenue Mandaluyong City Attention : Ms . Linda A . Daoang Director - MMOD Philippine Stock Exchange 4th Floor, Tektite Tower 1 Exchange Road, Ortigas Center Pasig City Attention: Ms . Grace De Guia Assistant Manager Disclosure Department Gentlemen : In compliance with the Securities and Exchange Commission's rules and regulations on disclosure, Petrofields Corporation hereby informs the Commission that in its regular Board of Directors Meeting on 18 January 1999, the Board approved and executed a Memorandum of Agreement with its wholly-owned subsidiary, Petrotech Consultants, Inc. Under said agreement, Petrofields transfers certain assets of the Corporation worth six hundred sixty five million four hundred forty thousand two hundred fifty two pesos (P665,440,252.00) to Petrotech Consultants, Inc. in exchange for shares of Petrotech. LibLex Very truly yours, PETROFIELDS CORPORATION (SGD.) FRANCIS G. TARCELO Chief Administrative Officer
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