Disclosure
PSE Circular for Brokers No. 170-98 • Philippine Stock Exchange • Circulars for Brokers • Feb 19, 1998
Full text
February 19, 1998 PSE CIRCULAR FOR BROKERS NO. 170-98 February 18, 1998 Philippine Stock Exchange, Inc. PSE Centre, Exchange Road Ortigas Center, Pasig City FAX NO. 636-08-09 634-59-20 Attention: Ms . Maria Isabel T . Garcia Head, Listing Department SUBJECT : Disclosure Gentlemen : In compliance with the existing rules of the Exchange, please be informed that in a meeting adjourned at 1:00 p.m. today, the Board of Directors of Philippine Racing Club, Inc. has resolved to withdraw from the Memorandum of Agreement of March 20, 1997 (Property for Equity Swap among Philippine Racing Club, Inc., Sta. Lucia Realty and Development, Inc., ACL Development Corporation and Central Vegetable Oil company as subscribers-assignors and Ebecom Holdings, Inc. as assignee-issuer) due to inappropriateness of the present economic situation. LLpr Thank you. Very truly yours, (SGD.) ATTY. JESULITO A. MANALO Corporate Secretary
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