Philippine Stock Exchange, Inc.
PSE Circular for Brokers No. 171-98 • Philippine Stock Exchange • Circulars for Brokers • Feb 19, 1998
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February 19, 1998 PSE CIRCULAR FOR BROKERS NO. 171-98 February 18, 1998 PHILIPPINE STOCK EXCHANGE, INC. PSE Centre, Exchange Road Ortigas Center, Pasig City Fax No. 636-08-09 Attention: Ms . Maria Isabel T . Garcia Head, Listing Department Gentlemen : In compliance with the existing rules of the Exchange, please be informed that in a special meeting held this evening, the Board of Directors of Ebecom Holdings, Inc. (the "Corporation") 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 subscriber-assignors and Ebecom Holdings, Inc. as assignee-issuer) due to the current economic situation and as per the advice of the Corporation's financial advisor. LLpr The Board of Directors further authorized Management to now proceed to negotiate with any other interested parties for possible business investment opportunities including the development of the Corporation's own properties in Cavite. Thank you. Very truly yours, (SGD.) ATTY. NEMESIO R. BRIONES Assistant Corporate Secretary
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