DMCI Holdings, Inc.
PSE Circular for Brokers No. 2383-98 • Philippine Stock Exchange • Circulars for Brokers • Oct 16, 1998
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October 16, 1998 PSE CIRCULAR FOR BROKERS NO. 2383-98 SUBJECT : DMCI Holdings, Inc . DMCI Holdings, Inc. ("DMC") clarified to the Exchange a news article published in the October 14, 1998 issued of the Manila Bulletin which reported that DMC has no plans to bail out the ailing property subsidiary, Universal Rightfield Property Holdings, Inc. ("UP") with the weakening real estate market. DMC, in its letter dated October 15, 1998, explained that: ". . . we wish to inform you that we do not acknowledge the statements in the article published in yesterday's issue of Manila Bulletin, captioned "DMCI has no plans of bailing out of (sic) real estate unit," for the simple reason that nobody from the company was interviewed nor was there any such pronouncements made by the company. cdlex Hence, we do not give credence to the lead of story, although the rest of the article may be true as this was obviously lifted from our first half 1998 performance report to SEC/PSE. . . ." For your information. (SGD.) JOSE LUIS U. YULO, JR. President and Chief Executive Officer
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