PSE Circular for Brokers No. 2679-99
PSE Circular for Brokers No. 2679-99 • Philippine Stock Exchange • Circulars for Brokers • Oct 20, 1999
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October 20, 1999 PSE CIRCULAR FOR BROKERS NO. 2679-99 October 19, 1999 Philippine Stock Exchange PSE Centre, Exchange Road Ortigas Center, Pasig City Attention: Ms . Grace B . de Guia Asst. Manager, Disclosure Dept. Gentlemen: In reference to your facsimile dated October 19, 1999 regarding the news item in the Philippine Daily Inquirer entitled "BPI buys 20% of Far East Bank", please be informed that although FEBTC has not received a written advice, we understand that the JG Summit Group has disclosed the sale of about 20% of their FEBTC shareholdings. The transaction is a shareholder's action not that of FEBTC. Regarding the inquiry on the "reported pursuance of merger with BPI", please be advised further that at present FEBTC's Board of Directors has not approved any merger. A special meeting of the Board of Directors has been called to discuss the matter. Very truly yours, (SGD.) ANGELITA L. ORTEGA-CORTEZ First Vice President and Corporate Secretary
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