PSE Circular for Brokers No. 2555-98

November 9, 1998 PSE CIRCULAR FOR BROKERS NO. 2555-98 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. November 7, 1998 2. SEC I.D. No. 42392 3. BIR Tax I.D. No. 043-000-530-828 4. ASIA AMALGAMATED HOLDINGS CORPORATION 5. Metro Manila Philippines 6. Industry Classification 7. Unit E3003-C, Philippine Stock Exchange Center, Exchange Road Ortigas Center, Pasig City 8. (632) 635-4945 9. The registrant has not changed its name or address since the last report 10. Securities Registered Pursuant to Sections 4 and 8 of the RSA Title of Each Class No. of Shares Outstanding and Amount of Debt Outstanding Common 799,999,981 11. Items to be reported Items 9. Other Events. The registrant's Annual Stockholders Meeting was held on November 6, 1998 at 3:00 p.m. at the Club Filipino, Annapolis Street, Greenhills, San Juan, Metro Manila. In the said meeting the following items were acted upon. a) The stockholders approved the recommendation of management to amend the Sixth Article of the Articles of Incorporation of the registrant to increase the number of the members of the Board of Directors from five (5) to seven (7) in order to comply with the requirement of the Philippine Stock Exchange. b) The stockholders approved the audited financial statement of the registrant for the calendar year 1996. c) The stockholders likewise ratified the acts, resolutions, and decisions of the Board of Directors and management from the time of the Annual Stockholders Meeting held on May 30, 1997, to the time of the stockholders meeting subject of this report was held. d) The following stockholders were elected as Directors of the registrant and to serve as such for the year 1998 until their successors shall have been duly elected and qualified: JIMMY N. GOW JAIME I. CABANGIS CHERRIE V. GOW CAROLYN GOW-YAP JAIME SINGSON ANTONIO LECAROS BIENVENIDO ARAW e) The stockholders also approved the re-appointment of Sycip Gorres Velayo & Co. to act as the external auditor of the registrant for the year 1998. Pursuant to the requirement of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ASIA AMALGAMATED HOLDINGS CORP. by: (SGD.) DEVI KATERINE S. MARTINEZ-NEGRO Assistant Corporate Secretary