Euro-Med Laboratories Phil., Inc. Implementation of Work Program
PSE Circular for Brokers No. 1813-98 • Philippine Stock Exchange • Circulars for Brokers • Aug 3, 1998
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August 3, 1998 PSE CIRCULAR FOR BROKERS NO. 1813-98 SUBJECT : Euro-Med Laboratories Phil., Inc. Implementation of Work Program EXECUTIVE SUMMARY Please be informed that Euro-Med Laboratories Phil., Inc. (the "Company") has informed the Exchange, in its letter dated July 30, 1998, that it has implemented the work program detailed in its prospectus pertaining to its recently concluded Initial Public Offering (IPO). LLjur Principal repayment of loans to the following institutions were made using the proceeds of the primary portion of the Company's IPO: NAME LOAN PRINCIPAL PAID Asian Bank Corporation P10,000,000.00 Bank of the Philippine Islands 25,000,000.00 Banco de Oro 20,000,000.00 China Banking Corporation 40,000,000.00 Metropolitan Bank & Trust Co. 20,000,000.00 TOTAL P115,000,000.00 For your information and guidance. (SGD.) REYNOLD P. ONG Vice President Listings and Disclosure Group
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