PSE Circular for Brokers No. 1718-98
PSE Circular for Brokers No. 1718-98 • Philippine Stock Exchange • Circulars for Brokers • Jul 24, 1998
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July 24, 1998 PSE CIRCULAR FOR BROKERS NO. 1718-98 July 23, 1998 Disclosure Department Listing and Disclosure Grou p Philippine Stock Exchange, Inc. (PSE) Philippine Stock Exchange Center Exchange Road, Ortigas Center Pasig, Metro Manila Gentlemen/Mesdames : Pursuant to your fax message dated July 22, 1998 requesting for clarification confirmation of a news article in a newspaper, please be advised that Petron's contract to supply the fuel requirements of National Power Corporation (NPC) will expire on November 16, 1998. As in the past, Petron will participate in the bidding for the fuel supply contract which bidding will be conducted by NPC in accordance with NPC's requirements. Petron is confident of capturing a sizeable share of NPC's fuel requirements due to its capability of moving bigger volumes versus other suppliers who may have to contend with logistical constraints. aisadc As to the possible effects of said termination to PCOR's operations and financial activities, we are seeking clarifications from our Marketing and Finance groups and shall convey to you our comments immediately. We thus request for additional time within which to complete our report. Very truly yours, (SGD.) LUIS A. MAGLAYA Asst . Corporate Secretary
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