PSE Circular for Brokers No. 2975-99
PSE Circular for Brokers No. 2975-99 • Philippine Stock Exchange • Circulars for Brokers • Nov 22, 1999
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November 22, 1999 PSE CIRCULAR FOR BROKERS NO. 2975-99 19 November 1999 PHILIPPINE STOCK EXCHANGE PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Disclosure Department Listings and Disclosure Group Gentlemen: Please be advised that the Board of Directors of KEPPEL PHILIPPINES MARINE, INC. (KPMI) in its meeting today (19 November 1999) at 9:00 a.m. at Unit 3-C Country Space I Building, Sen. Gil J. Puyat Ave., Salcedo Village, Makati City, had discussed/approved the following matters: 1. The Board of Directors accepted the resignation of Mr. Loh Wing Siew as Chairman and Director of the Company, effective 19 November 1999. He was replaced by Mr. Charles Foo Chee Lee as Chairman and Director, effective immediately. 2. The Board of Directors approved Management's proposal for KPM to make an additional investment in Goodstart Ventures, Inc. through the purchase of shares from Keppel Marine Industries Ltd., a Singaporean based company, for a total amount of Twenty Three Million Seven Hundred Thousand Pesos (P23.7 M). We trust that the above disclosure complies with the rules and regulations of the Exchange. prcd Very truly yours, (SGD.) CHEE FOOK MENG Corporate Information Officer
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