PSE Circular for Brokers No. 2013-99
PSE Circular for Brokers No. 2013-99 • Philippine Stock Exchange • Circulars for Brokers • Aug 12, 1999
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August 12, 1999 PSE CIRCULAR FOR BROKERS NO. 2013-99 PHILIPPINE STOCK EXCHANGE Listings and Disclosure Group 4th Floor, PSE Centre Exchange Road, Ortigas Center Pasig City, Metro Manila Attention: Ms . Raquel R . Angeles Assistant, Disclosure Department Ms . Grace B . De Guia Assistant Manager, Disclosure Department Gentlemen : This refers to your fax message received by us this morning, concerning a news article captioned " Gatchalian Firms in Share Swap " which appeared in today's issue of The Philippine Daily Inquirer, our reply thereto and your subsequent telephone call at 10:30 a.m. requiring us to submit basic information on the share exchange. The share exchange will involve the transfer to Wellex Industries, Inc. (WIN) of 30,543,847 shares in Plastic City Industrial Corporation (PCIC) with an aggregate book value as of March 31, 1998 of P2,530,252,285.00 in exchange for 2,530,252,285 shares in WIN at an aggregate par value of P2,530,252,285. The share exchange will enable WIN to acquire the assets and operations of various plastics companies under PCIC, in line with the thrust of WIN to transform itself into a holding company for various manufacturing operations. The implementation of the share exchange is awaiting approval by the Securities & Exchange Commission of WIN's current application for an increase in its authorized capital stock to P2.5 Billion. LexLib We reiterate our request that the trading halt which was immediately imposed on the trading of WIN shares be lifted. Very truly yours, WELLEX INDUSTRIES, INCORPORATED By: (SGD.) ARTHUR R. PONSARAN Corporate Secretary
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