PSE Circular for Brokers No. 211-00
PSE Circular for Brokers No. 211-00 • Philippine Stock Exchange • Circulars for Brokers • Jan 28, 2000
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January 28, 2000 PSE CIRCULAR FOR BROKERS NO. 211-00 January 28, 2000 Philippine Stock Exchange, Inc. (PSE) Philippine Stock Exchange Center Exchange Road, Ortigas Center Pasig, Metro Manila Attention: Ms . Grace B . de Guia Assistant Manager Gentlemen/Mesdames: Pursuant to SEC's and PSE's disclosure requirements, please be advised that our Mixed Xylene Plant in Limay, Bataan was formally inaugurated yesterday, January 27, 2000. Petron had earmarked P161 million for the construction of the facility. Petron expects to earn revenues of about P1.4 billion annually from the operation of the mixed xylene plant that can produce 3,200 barrels per day of mixed xylene or about 165,000 metric tons per year. Mixed xylene is used as a raw material for the production of paraxylene, which is used for polyester production. The Mixed Xylene Plant is the first of its kind to be constructed in the country. We trust that we have sufficiently complied with your disclosure requirement. Very truly yours, (SGD.) LIBERADOR V. VILLEGAS Corporate Secretary
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