PSE Circular for Brokers No. 1591-98
PSE Circular for Brokers No. 1591-98 • Philippine Stock Exchange • Circulars for Brokers • Jul 10, 1998
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July 10, 1998 PSE CIRCULAR FOR BROKERS NO. 1591-98 July 9, 1998 PHILIPPINE STOCK EXCHANGE 4/F Philippine Stock Exchange Center Exchange Road, Ortigas Center Pasig City, Metro Manila Attention: Disclosure Department Listings and Disclosure Group Gentlemen : We apprise that our wholly-owned subsidiary, Philippine Gaming Management Corporation (PGMC), recently issued purchase orders for the purchase of an additional 400 DATAMARK Flipper (DMF) lottery terminals from International Totalizator & Lottery Systems, Inc. (ILTS) at a cost of Five Thousand Two Hundred U.S. Dollars (US$5,200.00) per unit, or a total cost of Two Million Eighty Thousand U.S. Dollars (US$2,080,000.00) [or Eighty-Three Million Two Hundred Thousand Pesos (=P=83,200,000.00) at an exchange rate of =P=40.00:US$1.00]. The purchase is part of a program to install Two Thousand (2,000) lottery terminals for the Philippine Charity Sweepstakes Office (PCSO) under the Equipment Lease Agreement between PCSO and PGMC. Very truly yours, (SGD.) JOSE A. BERNAS Corporate Secretary
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