PSE Circular for Brokers No. 1843-99
PSE Circular for Brokers No. 1843-99 • Philippine Stock Exchange • Circulars for Brokers • Jul 26, 1999
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July 26, 1999 PSE CIRCULAR FOR BROKERS NO. 1843-99 GRACE B. DE GUIA Asst. Manager, Disclosure Department Philippine Stock Exchange Phil. Stock Exchange Center Pasig City Dear Ms. De Guia : We refer to your fax letter today, July 26, 1999. regarding news articles appearing on certain dailies today as follows: 1. "El Shaddai reported to have bought 53% of Uniwide retail unit". We are not aware of any negotiation relating to this article. As we have previously disclosed, there are certain discussion currently held with potential investors. However, all of these are merely in the exploratory stage. 2. "Two Jaka companies claim Uniwide understated debts". This accounts pertain to liabilities of our affiliate retail company. Support documents filed with the SEC are records of said company as of May 1999. Thus, amounts therein outstanding with these creditors are still subject to reconciliation. cdt 3. "Walmart still keen on distressed Uniwide". We have not received any formal advise with regard to any resumption of talk with Walmart. We trust you will find the above compliance with your requirements. Very truly yours, (SGD.) SUSAN O. LIGERALDE Investor Relations Manager
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