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Rumors on Waterfront

PSE Circular for Brokers No. 1688-98 • Philippine Stock Exchange • Circulars for Brokers • Jul 21, 1998

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July 21, 1998 PSE CIRCULAR FOR BROKERS NO. 1688-98 July 20, 1998 The Compliance Monitoring Division Listing Department Philippine Stock Exchange Center Exchange Road, Ortigas Center Pasig City Attention: Mr . Reynold Ong Vice-President, Listing Department and Disclosure Group RE : Rumors on Waterfront Gentlemen : We would like to draw your attention of rumors circulating in the market alleging that our hotel in Mactan, Waterfront Mactan Casino Hotel, has ceased operation. We wish to inform the Exchange that these rumors are unfounded, baseless and malicious. Thank you. Yours sincerely, (SGD.) KHOO BOO BOON Director/Treasurer

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