PSE Circular for Brokers No. 1172-99
PSE Circular for Brokers No. 1172-99 • Philippine Stock Exchange • Circulars for Brokers • May 24, 1999
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May 24, 1999 PSE CIRCULAR FOR BROKERS NO. 1172-99 Philippine Stock Exchange PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Ms . Raquel R . Angeles Ms . Grace de Guia Listing and Disclosure Group Ladies and Gentlemen : We refer to your fax letter which we received at 8:37 a.m. today, requesting for written confirmation/clarification on the news article captioned "Piltel debt restructure scheme Ok'd", published in the May 22, 1999 issue of the Manila Bulletin. We advise that while discussions between the Company and its creditors have significantly progressed, the parties have not reached final agreement on the terms of the Company's restructuring plan. LibLex With kindest regards Very truly yours, (SGD.) MA. LOURDES C. RAUSA-CHAN Corporate Secretary
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