Confirmation of News Report, Annual Stockholders' Meeting Results
PSE Circular for Brokers No. 1177-98 • Philippine Stock Exchange • Circulars for Brokers • May 27, 1998
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May 27, 1998 PSE CIRCULAR FOR BROKERS NO. 1177-98 Disclosure Department Philippine Stock Exchange PSE Center, Exchange Road Ortigas Center, Pasig City Re : Confirmation of News Report, Annual Stockholders' Meeting Results Dear Ms. Buenaventura : 1. We are aware that the government's privatization policy would be through the sale of blocks of shares whereby successful buyers would be able to participate or control management. The indications are that the incoming administration shall continue this process. 2. On the sale of Century Bank, our exact response to this question is that there have been offers from certain parties to acquire Century Bank from us and we are evaluating these offers. We would also like to clarify now that these offers were not solicited. Very truly yours, (SGD.) WALDE FLORES
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