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PSE Circular for Brokers No. 1641-98

PSE Circular for Brokers No. 1641-98 • Philippine Stock Exchange • Circulars for Brokers • Jul 16, 1998

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July 16, 1998 PSE CIRCULAR FOR BROKERS NO. 1641-98 July 14, 1998 Securities and Exchange Commission SEC Building, E. Delos Santos Avenue Mandaluyong, City Attention: Director Erlinda Daoang Money Market Operations Department Philippine Stock Exchange, Inc. 12th Floor, Philippine Stock Exchange Centre Exchange Road, Ortigas Center Pasig City Attention: Ms . Janet J . Alcala/Luisa W . Buenaventura Assistant/Analyst, Disclosure Department Gentlemen : Please be advised that Ayala Land, Inc. (through OLC Development Corporation, Ayala Land's wholly-owned subsidiary) and Greenfield Development Corporation have completed the requirements for the implementation of their joint venture project to develop a residential subdivision in Calamba, Laguna. The joint venture project will be undertaken through Vista de Bay Development Corporation. Development plans for the project are currently underway. Thank you very much. Very truly yours, (SGD.) MERCEDITA S. NOLLEDO Senior Vice President, Treasurer and Corporate Secretary

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