PSE Circular for Brokers No. 2369-98
PSE Circular for Brokers No. 2369-98 • Philippine Stock Exchange • Circulars for Brokers • Oct 15, 1998
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October 15, 1998 PSE CIRCULAR FOR BROKERS NO. 2369-98 14 October 1998 MR . REYNOLD P . ONG Vice-President Listing & Disclosure Group PHILIPPINE STOCK EXCHANGE, INC . Exchange Road, Ortigas Center Pasig City, Metro Manila Dear Sir : We would like to inform you that our subsidiary, the Aboitiz Power Corporation (APC) is conveying its 242,975 common shares in the CAPITAL STOCK OF Hydro Electric Development Corporation (HEDCOR) in the amount of P25,335,003.00 in favor of Philippine Hydro Corporation (PHC), another AEV subsidiary. This is in line with APC's and AEV's organizational restructuring and consolidation of the hydro power business interests under one holding company, the PHC. Thank you, Very truly yours, ABOITIZ EQUITY VENTURES, INC. By: (SGD.) SYLVA A. PADERANGA Assistant Corporate Secretary
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