PSE Circular for Brokers No. 1871-99
PSE Circular for Brokers No. 1871-99 • Philippine Stock Exchange • Circulars for Brokers • Jul 28, 1999
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July 28, 1999 PSE CIRCULAR FOR BROKERS NO. 1871-99 PHILIPPINE STOCK EXCHANGE PSE, Centre Exchange Road Ortigas Center, Pasig City Attention: Ms . Grace B . De Guia Listing and Disclosure Group Gentlemen : Further to our letter to you which you received today, we wish to confirm accuracy of the statement made by our President Mr. Victor B. Valdepeas that Union Bank of the Philippines ("UBP") net income dipped 11 percent to P639 million in the first half of 1999 from P722 million in the same period last wear due to lower loan portfolio. llcd However, we wish to rectify the error as written on the ownership of UBP because as of June 30, 1999, present ownership in UBP are as follows: Aboitiz Group 46.00% Insular Life 21.04% SSS Group 16.28% Ramcar Group 9.74% Public 6.94% For your information and guidance. Thank you. Very truly yours, (SGD.) ATTY. FE B. MACALINAO FVP/Corporate Secretary Chief Compliance Officer and General Counsel
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