PSE Circular for Brokers No. 2783-98
PSE Circular for Brokers No. 2783-98 • Philippine Stock Exchange • Circulars for Brokers • Dec 17, 1998
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December 17, 1998 PSE CIRCULAR FOR BROKERS NO. 2783-98 December 16, 1998 PHILIPPINE STOCK EXCHANGE DISCLOSURE DEPARTMENT Listings and Disclosure Group 4/F Philippine Stock Exchange PSE Centre, Exchange Road Ortigas Center, Pasig City Fax No. 634-2051 Attention: Mr . Reynold P . Ong Vice President Gentlemen : Please be advised that in the special Board of Directors meeting of Alsons Cement Corporation ("Alsons Cement") held today, the Board approved (i) the sale to Alsons Consolidated Resources, Inc. ("ACR") of the Alsons Cement's Sixty Million Three Thousand One Hundred Eighty Five (60,003,185) shares in MADE (Market Developers), Inc. the product distribution affiliate of Alsons Cement and ACR which shares represent thirty percent (30%) of the outstanding capital stock of MADE, and (ii) the purchase by Premium Cement Marketing Corporation ("Premium Cement") of MADE's cement products distribution business. Premium Cement is forty nine percent (49%) owned by MADE and fifty one percent (51%) owned by Alsons Cement. cdpr Very truly yours, ALSONS CEMENT CORPORATION By: (SGD.) ANTONIO A. PICAZO Corporate Secretary
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