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PSE Circular for Brokers No. 1593-99

PSE Circular for Brokers No. 1593-99 • Philippine Stock Exchange • Circulars for Brokers • Jul 1, 1999

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July 1, 1999 PSE CIRCULAR FOR BROKERS NO. 1593-99 PHILIPPINE STOCK EXCHANGE, INC . Exchange Road, Ortigas Center Pasig City Gentlemen : In response to your fax of July 1, please be advised that the discussions for the proposed acquisition of Tanduay was terminated as of June 30, 1999. Baguio Gold Holdings, Inc. shall pursue other possible acquisitions which we will be reporting to the Exchange as soon as more concrete developments occur. cdlex Very truly yours, (SGD.) BENJAMIN M. BITANGA President

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