PSE Circular for Brokers No. 1379-98

June 22, 1998 PSE CIRCULAR FOR BROKERS NO. 1379-98 SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. 19 June 1998 Date of Report (Date of earliest event reported) 2. SEC Identification Number: 169930 3. BIR Tax Identification No.: 321-000-126-047 4. KUOK PHILIPPINE PROPERTIES, INC. Exact name of registrant as specified in its charter 5. Philippines Province, country or other jurisdiction of incorporation or organization 6. ______ (SEC Use Only) Industry Classification Code: 7. 9th Floor, Salustiana D. Ty Tower, 104 Paseo de Roxas corner Perea Street, Legaspi Village, Makati City 1200 Address of principal office Postal Code 8. (632) 814-8800 Registrants telephone number, including area code 9. The Registrant has not changed its name, principal address or fiscal year since its last report to this Honorable Commission except that its office address has moved from the 10th floor to the 9th floor of Salustiana D. Ty Tower, 104 Paseo de Roxas corner Perea St., Legaspi Village, Makati City Former name, former address, and former fiscal year, if changed since last report. 10. Securities registered pursuant to Sections 4 and 8 of the RSA Title of each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding Common Stock P1.00 per value 3,841,854,596 11. Indicate the item numbers reported herein. ITEM 4 During the Annual Stockholders' Meeting of the Registrant held on 19 June 1998, the following were elected as members of the Registrant's Board of Directors for the year 1998-1999 and until their successors are duly elected and qualified: Chye Kuob Khoon Ho Thaddeus T. Beczak Fernando L. Gaspar Johnny O. Cobanklat Wilfred J. Uytengsu George L. Go Alfredo C. Rames Eduardo J. Sonano Antonio O. Cojuangco 12. ITEM 9 Amendment of Articles of Incorporation and By-Laws During the Annual Stockholders' Meeting of the Registrant held on 19 June 1998, stockholders of the Registrant representing at least two-thirds (2/3) of the Registrant's outstanding capital stock passed and approved resolutions to approve and ratify the resolutions passed and approved by the Registrant's Board of Directors during its regular meeting held on 8 May 1998 pertaining to the: 1) Amendment of Articles of incorporation to increase the Registrant's authorized capital stock from P3.9 Billion to a maximum of P10 Billion. 2) Amendment of Article II, Section 2 of the Registrant's By-Laws to change the date of the Registrant's annual stockholders' meeting from "any day in May" to "any day in June". Amendment of Employee Stock Option Plan (ESOP) 3) Amendment of Article VIII (8.2) of the Registrant's ESOP to give a retired participant the remaining period of his grant within which to exercise his unexercised options unless such period is otherwise extended by the Board of Directors. Appointment of External Auditors During the Annual Stockholders' Meeting of the Registrant held on 19 June 1998, the accounting firm of SYCIP GORRES VELAYO & Co. was appointed as the Registrant's independent auditors for the year 1998-1999. SIGNATURES Pursuant to the requirements of the Revised Securities Act, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KUOK PHILIPPINE PROPERTIES, INC. Registrant (SGD.) FEDERICO G. NOEL, JR. Corporate Secretary