PSE Circular for Brokers No. 1090-98

May 19, 1998 PSE CIRCULAR FOR BROKERS NO. 1090-98 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11 (a)-1(b)(3) THEREUNDER 1. May 19, 1998 Date of Report (Date of earliest event reported) 2. SEC Identification Number AS095-002233. 3. BIR Tax Identification No. 004-703-376 4. DMCI Holdincs. Inc. Exact name of registrant as specified in its charter 5. Philippines Province, country or other jurisdiction of incorporation 6. (SEC Use Only) Industry Classification Code: 7. 2281 Dacon Building, Pasong Tamo Ext. Makati City 1231 Address of principal office Postal Code 8. Voice (632) 816 7384 to 65 Fax (632) 816 7362 Registrant's telephone number, including area code 9. Not Applicable Former name, former address, and former fiscal year, if changed since last report. Registrant's telephone number, including area code 10. Securities registered pursuant to Sections 4 and 8 of the RSA Title of Each Class Number of Shares Outstanding Common Shares, Php 1.00 Par 1,127,747,000 Preferred Shares, Php 1.00 Par 2,139,710 Common Shares, Php 1.00 Par 150,000,000 (1, 127,747,000 Common shares are exempt under Section 6 (a)(4) of the RSA, and 74,719,200 underlying Common shares exempt under Section 6 (a)-7 of the RSA.) 11. Indicate the item numbers reported herein: item 9 Item 9. Other Events Atlantic Gulf and Pacific Company of Manila, Inc. a forty percent (40%) owned affiliate of the Company is actively pursuing talks with Merubeni Corporation of Japan for the sale of fifty percent (50%) of its forty percent (40%) equity in the joint venture with ICTSI Warehousing, Inc. to engage into port operations, cargo handling, warehousing and other related activities/services in Batangas. Should the talks be consummated, the venture will have an authorized capital of Php 1.1 Billion divided into eleven million shares at Php 100 par and an equity structure as follows: IWI 60% AG & P 20% Marubeni 20% SIGNATURES Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DMCI Holdings, Inc. (SGD.) HERBERT M. CONSUNJI Director and Chief Financial Officer