PSE Circular for Brokers No. 2990-99
PSE Circular for Brokers No. 2990-99 • Philippine Stock Exchange • Circulars for Brokers • Nov 23, 1999
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November 23, 1999 PSE CIRCULAR FOR BROKERS NO. 2990-99 22 November 1999 PHILIPPINE STOCK EXCHANGE Listings and Disclosure Group 4th Floor, PSE Centre Exchange Road, Ortigas Center Pasig City, Metro Manila Attention: Ms . Luisa W . Buenaventura Supervisor, Disclosure Department Gentlemen: This refers to your fax message received by us this morning, concerning a news article captioned "Lucio Tan buys 70% of Air Philippines" which appeared in today's issue of the Philippine Star. As we have disclosed to your office, in a letter dated 10 June 1999, the stockholders of Air Philippines International Corporation (APIC), in a meeting held on 6 April 1999, approved the acquisition only up to 25% of Air Philippines Corporation (APC) by APIC. APIC itself is not privy and has no knowledge of the reported acquisition by Mr. Lucio Tan into APC. prcd Rest assured that as soon as any Board or corporate action is taken in respect to the matter, the appropriate disclosure will be made to your office. Thank you. cdll Very truly yours, AIR PHILIPPINES INTERNATIONAL CORPORATION By: (SGD.) ARTHUR R. PONSARAN Corporate Secretary
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