PSE Circular for Brokers No. 1698-98
PSE Circular for Brokers No. 1698-98 • Philippine Stock Exchange • Circulars for Brokers • Jul 22, 1998
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July 22, 1998 PSE CIRCULAR FOR BROKERS NO. 1698-98 July 21, 1998 Disclosure Department Listings and Disclosure Group 4/F Philippine Stock Exchange Centre PSE Center, Exchange Road Ortigas Center, Pasig City FAX No. 634-2051/634-5133 Attention: Mr . Reynold P . Ong Vice-President, Listings & Disclosure Group Gentlemen : Please be informed that the regular Board of Directors meeting of Bacnotan Consolidated Industries, Inc. held today, the Board approved an investment of P149,076,960.00 by way of subscription to 149,076,960 shares of Union Cement Corporation at par value of P1.00 per share. Union Cement Corporation is the newly organized cement holding company of Bacnotan Consolidated Industries, Inc. wherein Holderbank Financiere Glaris Ltd. will infuse US$210 million as disclosed in our letter of July 14, 1998. LexLib Very truly yours, (SGD.) JUAN J. DIAZ Corporate Secretary
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