PSE Circular for Brokers No. 323-98
PSE Circular for Brokers No. 323-98 • Philippine Stock Exchange • Circulars for Brokers • Mar 10, 1998
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March 10, 1998 PSE CIRCULAR FOR BROKERS NO. 323-98 March 9, 1998 PHILIPPINE STOCK EXCHANGE PSE Centre, Exchange Road Pasig, Metro Manila Attention: Compliance & Surveillance Department RE : Music Corporation SEC Reg . No . A8092-000589 Disclosure Statement 98-02 Gentlemen : On behalf of our referenced client (the "corporation"), we advise that at the special meeting of the Board of Directors held on 06 March 1998, the Board approved the amendment of Article VII of the Articles of Incorporation of the Corporation, by denying existing stockholders the pre-emptive right to subscribe to the remaining unissued shares forming part of the original authorized capital stock of Four Hundred Million Pesos (P400,000,000.00), which shares shall be offered outside of the Philippines, particularly the United States of America. Very truly yours, (SGD.) JIMMY S. SOO
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