Unusual Movement in Trading of FJP Shares
PSE Circular for Brokers No. 108-99 • Philippine Stock Exchange • Circulars for Brokers • Jan 22, 1999
Full text
January 22, 1999 PSE CIRCULAR FOR BROKERS NO. 108-99 PHILIPPINE STOCK EXCHANGE, INC. 4th Floor, Philippine Stock Exchange Centre Exchange Road, Ortigas Center Pasig City Attention: Mr . Ruben L . Almadro VP Compliance & Surveillance Group SUBJECT : Unusual Movement in Trading of FJP Shares Gentlemen : In reference to your letter of 21 January 1999, please be advised that other than on matters previously disclosed, we are not aware of any material information or fact relating to the unusual movement in the trading of the FJP Shares this morning. LLjur On 21 and 23 December 1998, the Corporation made disclosures on certain developments relating to the project companies of its subsidiary, Magellan Capital Holdings Corporation ("MCHC"), to wit: 1. proposed acquisition by Ogden Energy Philippine Holdings, Inc. of MCHC's interest in Magellan Cogeneration, Inc.; and 2. signing of a Memorandum of Agreement between Magellan Utilities Development Corporation ("MUDC") and Manila Electric Company on the purchase of power from a gas-fired facility to be developed and operated by MUDC. Should you require further information, please do not hesitate to let us know. Very truly yours, (SGD.)ROBERT Y. COKENG President
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