Equitable Banking Corporation
PSE Circular for Brokers No. 1569-99 • Philippine Stock Exchange • Circulars for Brokers • Jun 30, 1999
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June 30, 1999 PSE CIRCULAR FOR BROKERS NO. 1569-99 SUBJECT : Equitable Banking Corporation In reply to the Exchange's inquiry regarding a news article published in the June 29, 1999 issue of the Malaya, which reported that Equitable Banking Corporation ("EBC") has the biggest exposure in distressed Uniwide Sales Group amounting to P1.73 billion, EBC, in a letter to the Exchange, clarified that: ". . . We wish to clarify that our exposure to the group amounts to PhP903.0 million secured by real estate mortgage, assignment of leasehold rights and shares of stocks of several companies." LLphil For your information. (SGD.) ATTY. RUBEN L. ALMADRO Officer-in-Charge
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