Negotiations for the Sale of CJH shareholdings
PSE Circular for Brokers No. 2579-98 • Philippine Stock Exchange • Circulars for Brokers • Nov 12, 1998
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November 12, 1998 PSE CIRCULAR FOR BROKERS NO. 2579-98 11 November 1998 DISCLOSURE DEPARTMENT Listings & Disclosure Group Philippine Stock Exchange, Inc. Philippine Stock Exchange Centre Exchange Road, Ortigas Center, Pasig City Fax No.: 636-0809 and 637-8811 Attention: Mr . Reynold P . Ong Vice President, Listings & Disclosure Group SUBJECT : Negotiations for the Sale of CJH shareholdings Gentlemen : Please be advised that THE PHILODRILL CORPORATION (the "Company") is currently negotiating the terms and conditions for the assignment of its Ten Percent (10%) equity interest in Camp John Hay Development Corporation. We shall subsequently advise the Philippine Stock Exchange as soon as the Company is able to finalize the terms and conditions of said assignment with the intended assignee and the same are approved, ratified and/or confirmed by the Company's Board of Directors. This formal written advise on the foregoing matter is submitted in compliance with the rules and regulations of the Philippine Stock Exchange. Very truly yours, THE PHILODRILL CORPORATION By: (SGD.) ADRIAN S. ARIAS Corporate Secretary
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