PSE Circular for Brokers No. 2201-98
PSE Circular for Brokers No. 2201-98 • Philippine Stock Exchange • Circulars for Brokers • Sep 23, 1998
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September 23, 1998 PSE CIRCULAR FOR BROKERS NO. 2201-98 September 22, 1998 PHILIPPINE STOCK EXCHANGE, INC. PSE Centre, Exchange Road Ortigas Center, Pasig City Fax Nos. 636-0809/637-8811 Attention: Mr . Ruben L . Almadro VP-Compliance & Surveillance Group RE : Vulcan Industrial & Mining Corp . PSE No . M-12024 Gentlemen : In reply to your letter of even date received this afternoon, please be advised that we are not certain of any such information that had caused the unusual movement in the trading of Vulcan Industrial & Mining Corporation (VUL) shares today, 22 September 1998, the share price of which decreased by 40% from P0 2000 to P0 1200 per share. However, at the issue today (Sept. 22, 1998) of the Philippine Daily Inquirer on page 3 thereof, it was reported that "DENR Secretary Antonio Cerilles yesterday ordered the closure of all quarry firms in Rodriguez and Montalban." Vulcan Materials Corporation, a joint venture company of which VUL owns 50% equity interest, is among the quarry firms affected thereby. Very truly yours, (SGD.) MARIANO L. CELIS II Asst . Corporate Secretary Vulcan Industrial & Mining Corp .
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