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PSE Circular for Brokers No. 1920-98

PSE Circular for Brokers No. 1920-98 • Philippine Stock Exchange • Circulars for Brokers • Aug 18, 1998

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August 18, 1998 PSE CIRCULAR FOR BROKERS NO. 1920-98 August 14, 1998 SECURITIES & EXCHANGE COMMISSION SEC Building, EDSA Mandaluyong City TELEFAX NO.: 727-5103 Attention: Money Market & OPNS Dept . PHILIPPINE STOCK EXCHANGE Tektite Tower, Ortigas Center Pasig City FAX NO.: 636-0809 Attention: Monitoring Department Gentlemen : This is to inform you of the execution this morning of a Memorandum of Agreement between LMG Chemical Corp. and Petron Corporation, the salient features of which are as follows: a. Petron shall erect and construct a 1,100 MTs capacity tank in LMG's compound in Pasig City for the storage of molten sulfur, and: b. LMG shall purchase from Petron molten sulfur to be produced from the first sulfur recovery unit that Petron will put up at its refinery plant in Limay, Bataan. LexLib Thank you. Respectfully yours, (SGD.) ROLANDO P. NAVARRO VP Legal Services

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