Unusual Price Movement
PSE Circular for Brokers No. 1786-98 • Philippine Stock Exchange • Circulars for Brokers • Jul 31, 1998
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July 31, 1998 PSE CIRCULAR FOR BROKERS NO. 1786-98 July 30, 1998 The Philippine Stock Exchange, Inc. Philippine Stock Exchange Centre Exchange Road, Ortigas Center Pasig City Attention: Atty . Ruben L . Almadro Vice President Compliance and Surveillance Group RE : Unusual Price Movement Dear Sirs, We respond to your fax of 30 July 1998 requesting us to provide the Exchange with any information that may relate to the unusual price movement in the share price of Medco Holdings, Inc. ("MED" or the "Company") which decreased today by 40% from the last traded price of P1.30 to P0.78 per share. In response to your query, the management of the Company is not aware of any recent and undisclosed corporate development involving MED which may directly account for the unusual movement in its share price during today's trading. LLjur Please let us know if you have any further questions. Yours faithfully, (SGD.) SOLOMON R. B. CASTRO Corporate Secretary
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