Uniwide Holdings, Inc.
PSE Circular for Brokers No. 2700-99 • Philippine Stock Exchange • Circulars for Brokers • Oct 21, 1999
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October 21, 1999 PSE CIRCULAR FOR BROKERS NO. 2700-99 SUBJECT : Uniwide Holdings, Inc . With reference to the news article entitled "Uniwide submits rehab plan, eyes new P1-B equity" published in the October 20, 1999 issue of Business World, Uniwide Holdings, Inc. ("UW") clarified that: cdll ". . . We confirm that the Uniwide Group of Companies, including Uniwide Holdings, Inc. submitted to the Securities and Exchange Commission (SEC) its proposed rehabilitation plan. The plan discusses that the Uniwide Group will re-focus on its retail business and will require a capital infusion of P1.0 billion which will be used for re-stocking of all stores with complete line of products in sufficient levels. Another P500 million is also required to finance the capital expenditures. In order to achieve its objective of maximum debt reduction the Uniwide Group will undergo a series of 'dacion en pago' arrangement with its creditor banks. . . ." For your information. (SGD.) MA. ISABEL T. GARCIA OIC, Listings & Disclosure Group
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