PSE Circular for Brokers No. 1448-99
PSE Circular for Brokers No. 1448-99 • Philippine Stock Exchange • Circulars for Brokers • Jun 21, 1999
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June 21, 1999 PSE CIRCULAR FOR BROKERS NO. 1448-99 June 16, 1999 Philippine Stock Exchange, Inc . PSE Centre Building Ortigas Centre, Exchange Road Pasig City, Metro Manila Attention: Disclosure Department Listings and Disclosure Group Gentlemen : Please be informed of the adoption and approval by our board of directors on June 16, 1999 of a resolution authorizing the sale by the corporation of its shares of stock in the following companies: cdt COMPANY BUYER NO. OF SHARES SELLING PRICE Matshushita Communication Matsushita Electric Industrial 50,000,000 P158,500,000.00 Industrial Corporation of the Co., Ltd. Philippines Matsushita Communication 45,000,000 P142,650,000.00 Industrial Co., Ltd. Total 95,000,000 P301,150,000.00 Matsushita Business Machine Matsushita Electric Industrial 15,000,000 P20,700,000.00 Corporation of the Philippines Co., Ltd. Matsushita Graphic 13,500,000 P18,630,000.00 Communication Systems, Inc. Total 28,500,000 P39,330,000.00 The sale of the Matsushita Communication Industrial Corporation of the Philippines shares will be formalized today while that of Matsushita Business Machine Corporation of the Philippines shares may be consummated next week. Thank you. Very truly yours, (SGD.) MAMERTO Z. MONDRAGON Corporate Secretary
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