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PSE Circular for Brokers No. 2638-98

PSE Circular for Brokers No. 2638-98 • Philippine Stock Exchange • Circulars for Brokers • Nov 23, 1998

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November 23, 1998 PSE CIRCULAR FOR BROKERS NO. 2638-98 November 20, 1998 Philippine Stock Exchange, Inc . 4/F Philippine Stock Exchange Centre Exchange Road, Ortigas Center Pasig City Attention: Mr . Ruben L . Almadro VP-Compliance & Surveillance Group RE : Belle Corporation Gentlemen : We refer to your letter-facsimile dated 19 November 1998 (which we received only today) in respect of your observations regarding the trading volume on Belle's shares in the months of September, October and November. Please be advised that we are not aware of any information that may have affected the value of our shares for the period you referred to. Very truly yours, (SGD.) MA. LOUISA M. GONZALES Acting Corporate Secretary

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