PSE Circular for Brokers No. 2710-99

October 22, 1999 PSE CIRCULAR FOR BROKERS NO. 2710-99 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. October 22, 1999 Date of Report 2. SEC Identification No. 0102415 3. BIR Tax Identification No. 00-056-514 4. ZEUS HOLDING CORPORATION Exact name of registrant as specified in its charter 5. Metro Manila, Philippines Province, Country or other jurisdiction of incorporation or organization 6. (SEC use only) Industry Classification Code 7. c/o Far East Cement Corporation, Ground Floor, Alegria Building, 2229 Pasong Tamo St., San lorenzo Makati City Address of principle office 8. (632) 816-2249/816-2451 Registrant's telephone number including area code 9. Not Applicable Former name or former address, if changed since last report 10. Securities registered pursuant to Sections 4 and 8 of the Revised Securities Act Title of Each Class Number of Shares of Stock Outstanding Common 1,638,463,907 11. Report on: Item 9. Other events. In a Special Meeting of the Board of Directors of Mindanao Portland Cement Corporation ("MPCC"), a subsidiary of Zeus Holdings, Inc. by virtue of its ownership of at least 99% of MPCC's outstanding capital stock, held on October 21, 1999 at 5:00 p.m., the Board of Directors of MPCC approved the temporary suspension of the operations of the kiln in the Corporation's Plant in Iligan City (the "Plant") in order to minimize the losses and improve the efficiency of MPCC subject to a reassessment and evaluation of plans to resume kiln operations in the future depending on market conditions. In relation to the foregoing, MPCC's Board authorized the Plant Management to offer voluntary severance/retrenchment or work reduction schemes to the Plant's employees affected by the suspension of kiln operations in accordance with the Labor Code of the Philippines and its Implementing Rules and Regulations. Zeus' Board of Directors believes in good faith that the foregoing will help minimize the expected losses of MPCC for the current year and will ensure the continued viability of MPCC, its subsidiary. Pursuant to the requirements of the Revised Securities Act e Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LibLex ZEUS HOLDINGS, INC. Registrant By: (SGD.) JOCELYN L. SANCHEZ-SALAZAR Corporate Secretary