Securities and Exchange Commission Sec Form 11-C Current Report Under Section 11 of the Revised Securities Act (RSA) And Rsa Rule 11(a)-1(b)(3) Thereunder

September 20, 1999 PSE CIRCULAR FOR BROKERS NO. 2348-99 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. September 17, 1999 Date of Report (Date of earliest event reported) 2. SEC Identification Number: 36140 3. BIR Tax Identification No.: 000-201-881-V 4. Concrete Aggregates Corporation Exact name of registrant as specified in its charter 5. __________________________ (SEC Use Only) Province, country or other Industry Classification Code: jurisdiction of incorporation 7. 70 Industria St. Bagumbayan, Quezon City 1100 Address of principal office Postal Code 8. 635-07-23 to 30/02 Registrant's telephone number, including area code 9. Not Applicable Former name or former address, if changed since last report 10. Securities registered pursuant to Sections 4 and 8 of the RSA Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding Common Class 27.466.449 11. Indicate the item numbers reported herein: Item 9 (a) (1) (A) and (F) CLOSURE OF ENGINEERING and CONSTRUCTION DIVISION and RETRENCHMENT OF THE WORKFORCE OF THE SAID DIVISION The worsening economic crisis had inevitably slowed down the construction industry. This compelled the company to take drastic business decisions and measures. Despite efforts to reduce operational costs and maintain the viability of our operations during this difficult times, the same remained insufficient to sustain the company's present workforce. cdll After a series of careful deliberations and considerations, the Board of Directors of Concrete Aggregates Corporation, in an emergency meeting held on September 14, 1999, at which quorum was present, unanimously passed and approved the resolution authorizing the Corporation to undertake, due to heavy financial losses, the total and complete closure of the Engineering and Construction Division composed of the following: Ready Mix Concrete, Bituminous Concrete Mix, Concrete Products Group and Construction; without prejudice to any existing contracts and commitments and the reorganization and restructuring of the remaining divisions to conform with the level of efficiency necessary to maintain the company's viability and survival. Furthermore, the sale of the real property wherein the principal office of the corporation is located and the plan to relocate its principal office are being considered. cdll CONCRETE AGGREGATES CORPORATION By: (SGD.) ATTY. MA. CARMELA C. LAJOM Legal Counsel