PSE Circular for Brokers No. 1317-98
PSE Circular for Brokers No. 1317-98 • Philippine Stock Exchange • Circulars for Brokers • Jun 11, 1998
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June 11, 1998 PSE CIRCULAR FOR BROKERS NO. 1317-98 PHILIPPINE STOCK EXCHANGE PSE Center, Exchange Road Ortigas Center, Pasig City Gentlemen : With reference to our previous disclosure dated June 5, 1998, we would like to confirm that Primetown Property Group, Inc. (PPGI), has entered into an Agreement with United Coconut Planters Bank (UCPB) for the retirement of the former's loan obligation amounting to Pesos One Billion One Hundred Sixty Million Nine Hundred Sixty Five Thousand Seven Hundred Thirty Four & 33/100 (P1,160,965,734.33) more or less. Under the Agreement UCPB will acquire significant and valuable interests in two projects of PPGI namely the Makati Prime City in San Antonio Village, Makati City and Keiner Hills in Mactan, Cebu City. In addition, UCPB will also acquire a portion of PPGI's land bank properties located in Metro Tagaytay and Boracay Island. Thank you. Very truly yours, (SGD.) ANGELINE MAY T. YAP Corporate Secretary
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