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PSE Circular for Brokers No. 2725-98

PSE Circular for Brokers No. 2725-98 • Philippine Stock Exchange • Circulars for Brokers • Dec 8, 1998

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December 8, 1998 PSE CIRCULAR FOR BROKERS NO. 2725-98 December 7, 1998 Philippine Stock Exchange Disclosure Department Listings & Disclosure Group Philippine Stock Exchange Center Exchange Road, Pasig City Attention: Mr . Jose Emilio B . Jamir RE : Special Meeting of Stockholders Gentlemen : Please be advised that in the Special Stockholder's Meeting of Selecta Dairy Products, Inc. held this morning, the stockholders authorized the Board of Directors of Selecta to: a) sell part of the ice cream business of Selecta to an acceptable strategic investor; b) determine the structure of the transaction; c) approve the price and the terms and conditions of the sale. Thank you. Very truly yours, (SGD.) ATTY. CRISTINA D. REYES Corporate Secretary

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