PSE Circular for Brokers No. 1701-99

July 12, 1999 PSE CIRCULAR FOR BROKERS NO. 1701-99 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11 (a)-1(b) (3) THEREUNDER 1. July 9, 1999 Date of Report 2. SEC Identification Number: ASO94-006430 3. BIR Tax Identification Number: 003-942-108 4. EMPIRE EAST LAND HOLDINGS, INC. Exact name of Registrant as specified in its charter 5. Metro Manila Province, country or other jurisdiction of incorporation or organization 6. (SEC use only) Industry classification code 7. 21st Floor, The World Centre 330 Sen. Gil J. Puyat Avenue Makati City, Philippines 1227 Address of principal office 8. (632) 867-8351 to 59 Registrant' telephone number, including area code 9. Securities registered pursuant to Section 4 and 8 of the Revised Securities Act: Number of Shares Title of Each Class of Stock Outstanding Common 5,930,242,549 Preferred 1,076,771,800 10. Item 9 (b) Philippine Commercial Capital, Inc., a preferred shareholder and creditor of Empire East, converted on July 8, 1999 all its preferred shareholdings and loan at the conversion price of One Peso (P1.00) per share, to wit: Stockholder No. of Preferred Shares No. of Conversion Shares Philippine Commercial 123,228,200 123,228,200 Capital, Inc. Creditor Amount of Loan No. of Conversion Shares Philippine Commercial P130,483,700.43 130,483,700 Capital, Inc. Total Number of 253,711,900 Conversion Shares common shares SIGNATURE Pursuant to the requirements of the Revised Securities Act, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EMPIRE EAST LAND HOLDINGS, INC. By: (SGD.) MA. THERESA CALLANTA-HOADLEY Duly Authorized Signatory