PSE Circular for Brokers No. 1868-99
PSE Circular for Brokers No. 1868-99 • Philippine Stock Exchange • Circulars for Brokers • Jul 28, 1999
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July 28, 1999 PSE CIRCULAR FOR BROKERS NO. 1868-99 PHILIPPINE STOCK EXCHANGE PSE, Centre Exchange Road Ortigas Center, Pasig City Attention: Ms . Grace B . De Guia Listing and Disclosure Group Gentlemen : Regarding the news article entitled "Union Bank Shuns Merger", appearing in The Philippine Star, July 28, 1999, please be informed that the statement of our President Mr. Victor B. Valdepenas' denial of any on-going discussions of merger of Union Bank of the Philippines ("UBP") with any bank like Far East Bank and Trust Company, Inc. is true as in fact our majority stockholders have expressed that they have no immediate plans to divestment of their shares in UBP. For your information and guidance. Thank you. Very truly yours, (SGD.) ATTY. FE B. MACALINO FVP/Corporate Secretary Chief Compliance Officer and General Counsel
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