PSE Circular for Brokers No. 1709-99
PSE Circular for Brokers No. 1709-99 • Philippine Stock Exchange • Circulars for Brokers • Jul 13, 1999
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July 13, 1999 PSE CIRCULAR FOR BROKERS NO. 1709-99 Philippine Stock Exchange PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Ms . Grace de Guia Listing and Disclosure Group Ladies and Gentlemen : We refer to your fax letter requesting for written confirmation/clarification on the news article captioned "PLDT buying Destiny CTV, Philcomsat", published in the July 13, 1999 issue of the Manila Standard, which reported that the Company is firming up the purchase of Destiny Cable, Inc. and Philcomsat Holdings Corporation and that Mr. Manuel V. Pangilinan, PLDT's President and CEO, is buying a controlling stake in Premiere Entertainment Productions, Inc. prLL We advise that the above news articles are purely speculative and deny that the Company is purchasing Destiny Cable, Inc., Philcomsat Holdings Corporation and Premiere Entertainment Productions, Inc. With kindest regards Very truly yours, (SGD.) MA. LOURDES C. RAUSA-CHAN Corporate Secretary
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