Filinvest Development Corporation
PSE Circular for Brokers No. 121-99 • Philippine Stock Exchange • Circulars for Brokers • Jan 25, 1999
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January 25, 1999 PSE CIRCULAR FOR BROKERS NO. 121-99 SUBJECT : Filinvest Development Corporation With reference to a news article published in the January 22, 1999 issue of the Business World which reported that Filinvest Development Corporation ("FDC") infused P250 million capital in East West Banking Corporation, FDC, in a letter to the Exchange, confirmed that: ". . . We hereby confirm that Filinvest Development Corporation infused on December 28, 1998 the amount of P250 million in East West Banking Corporation. The investment was made in the form of an additional two million five hundred thousand (2,500,000) preferred shares of East West Bank with par value of P100 per share. This is expected to enhance the Bank's financial strength and viability and further improve its ability to compete in the market. The additional investment is justified by FDC's resources and will not adversely affect its financial condition." For your information. LibLex (SGD.) JOSE LUIS U. YULO, JR. President and CEO
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