PSE Circular for Brokers No. 1808-99

July 21, 1999 PSE CIRCULAR FOR BROKERS NO. 1808-99 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. July 20, 1999 Date of Report 2. SEC Identification Number : ASO94-006430 3. BIR Tax Identification Number : 003-942-108 4. EMPIRE EAST LAND HOLDINGS, INC. Exact name of registrant as specified in its charter 5. Metro Manila Province, Country or other jurisdiction of incorporation or organization 6. (SEC Use Only) Industry Classification Code 7. 21st Floor, The World Centre 330 Sen. Gil J. Puyat Avenue Makati City, Philippines 1227 Address of principal office 8. (632) 867-8351 to 59 Registrant's telephone number, including area code 9. Securities registered pursuant to Sections 4 and 8 of the Revised Securities Act Title of Class No. of Shares Outstanding Common 6,201,589,385 Preferred 950,000,000 10. Item 9(b) The following preferred stockholders and creditors of Empire East converted, today, their respective preferred shareholdings and loans at the conversion price of One Peso (P1.00), as follows: Stockholder No. of Preferred Shares No. of Conversion Shares AB Capital and 99,325,000 99,325,000 Investment Corporation International 27,446,800 27,446,800 Capital Corp. Creditor Amount of Loan No. of Conversion Shares AsianBank Corporation P109,065,394.00 109,065,394 International Capital P35,509,642.00 35,509,642 Corporation Total Number of 271,346,836 Conversion Shares common shares SIGNATURE Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LexLib EMPIRE EAST LAND HOLDINGS, INC. By: (SGD.) MA. THERESA CALLANTA-HOADLEY Duly Authorized Signatory July 20, 1999