Metro Alliance Holdings & Equities Corp.
PSE Circular for Brokers No. 3286-99 • Philippine Stock Exchange • Circulars for Brokers • Dec 27, 1999
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December 27, 1999 PSE CIRCULAR FOR BROKERS NO. 3286-99 24 December 1999 PHILIPPINE STOCK EXCHANGE Philippine Stock Exchange Centre Exchange Road, Ortigas Center City of Pasig Attention: Atty . Ruben Almadro VP-Compliance & Surveillance Group Gentlemen/Madam: RE : Metro Alliance Holdings & Equities Corp . Reference is your letter of December 24, 1999 concerning the stated unusual movement in the trading of the shares of stock of the above corporation. Please be advised that we are not aware of any information that relates to such "unusual movement in trading" other than the implementation of PSE Circular for Brokers No. 3270-99. Under said Circular, notwithstanding the January 3, 2000 (as previously disclosed to the PSE Disclosure & Listing Department) effectivity date of the reduction in paid-in capital of the corporation via a reverse stock-split, starting-December 24, 1999 trading and settlement of MAH and MAHB shares will be on the reduced basis. (see PSE Circular for Brokers No. 3270-99). We believe that the above has caused the observed "unusual movement in the trading" of the subject shares. Truly yours, (SGD.) AVELINO M. SEBASTIAN, JR. Corporate Secretary Metro Alliance Holdings & Equities Corp.
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