PSE Circular for Brokers No. 2557-99
PSE Circular for Brokers No. 2557-99 • Philippine Stock Exchange • Circulars for Brokers • Oct 8, 1999
Full text
October 8, 1999 PSE CIRCULAR FOR BROKERS NO. 2557-99 October 7, 1999 PHILIPPINE STOCK EXCHANGE PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Disclosure Department Listing and Disclosure Group Gentlemen: Please be advised that pursuant to the restructuring of the Keppel Group of Companies in the Philippines which is now on the second phase, the Board of Directors of KEPPEL PHILIPPINES, HOLDINGS, INC . ( KPHI ) in its meeting today (7 October 1999) at 9:00 a.m. at Unit 3-C County Space I Building, Sen. Gil J. Puyat Ave.; Salcedo Village, Makati City, had approved the following: Acquisition of KPH Share in Exchange of KPPI Shares with Keppel Land Ltd./Swansville Pte. Ltd. (Keppel Land/Swansville) and Keppel Philippines Properties , Inc. (KPPI) under a share Swap Agreement. LexLib KPM will acquire 62,635,751 SEEI shares and 656,838 CLI shares KPPI. In exchange, KPHI shall issue out its capital stock 100,508,087 shares in KPHI. The proposition of the said exchange shall be 1,5971 KPM shares for each SSEI share, and 0.7194 KPM share for each CLI share. We trust that the above disclosure complies with the rules and regulations of the Exchange. Very truly yours, (SGD.) CHEE FOOK MENG Corporate Information Officer
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.