PSE Circular for Brokers No. 1787-99
PSE Circular for Brokers No. 1787-99 • Philippine Stock Exchange • Circulars for Brokers • Jul 20, 1999
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July 20, 1999 PSE CIRCULAR FOR BROKERS NO. 1787-99 July 19, 1999 PHILIPPINE STOCK EXCHANGE, INC . 4/F Philippine Stock Exchange Center, PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Ms . Grace B . De Guia Assistant Manager Head, Disclosure Dept . Gentlemen : We are pleased to inform you that the Board of Directors of METROPOLITAN BANK AND TRUST COMPANY in its meeting held on July 19, 1999 has approved the investment of up to sixty per cent (60%) in the outstanding common shares of the Philippine Banking Corporation subject to Bangko Sentral Ng Pilipinas approval. dctai The investment is intended to facilitate the contemplated eventual merger of Philippine Banking Corporation and Global Business Bank, Inc. Very truly yours, (SGD.) ALFREDO P. JAVELLANA II SVP Controller Asst . Corporate Secretary
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