PCI Leasing and Finance, Inc.
PSE Circular for Brokers No. 1262-99 • Philippine Stock Exchange • Circulars for Brokers • Jun 1, 1999
Full text
June 1, 1999 PSE CIRCULAR FOR BROKERS NO. 1262-99 SUBJECT : PCI Leasing and Finance, Inc . PCI Leasing and Finance, Inc. ("PCIL") informed the Exchange, through SEC Form 11-C, that the company, as part of its efforts to maximize the use of its resources, has decided to consolidate the operations of its Legaspi City Branch with those of San Pablo City Branch. Accordingly, effective May 30, 1999, Legaspi Branch shall be handled at the San Pablo Branch to ensure continued response to customers' requirements. cdlex With this consolidation, PCIL expects a corresponding decrease in operating expenses, particularly in rentals, communication costs, security and messengerial expense, among others, hence resulting to a favorable effect to the overall current financial condition and results of operation and cash flows of PCIL. For your information. (SGD.) JOSE LUIS U. YULO, JR. President & CEO
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