PSE Circular for Brokers No. 350-00
PSE Circular for Brokers No. 350-00 • Philippine Stock Exchange • Circulars for Brokers • Feb 15, 2000
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February 15, 2000 PSE CIRCULAR FOR BROKERS NO. 350-00 February 11, 2000 Philippine Stock Exchange Exchange Road, Ortigas Centre Pasig City Attention : Ms. Grace de Guia Assistant Manager Disclosure Department Gentlemen : Please be informed that in the meeting held today, the Board of Directors of Ionics Circuits, Inc. discussed the initial public offering (the "IPO") of its subsidiary, Ionics EMS, Inc. to be held in Singapore, which was previously disclosed to the Exchange. After further discussion, the Board, in order to implement the IPO, authorized the sale by way of secondary offering through the Singapore Exchange Securities Trading Limited (the "SGX-ST") of a portion of its shareholdings in Ionics EMS, Inc. in an amount not exceeding 62,000,000 shares at such price and upon such terms and conditions as the Board of Directors of said Ionics EMS, Inc. may hereafter determine. The Board also approved the appointment of The Development Bank of Singapore as Manager and Underwriter/Lead Placement Agent and Investment & Capital Corporation of the Philippines as Co-Placement Agent. Should you wish further clarification on any other matter, please do not hesitate to let us know. Very truly yours, (SGD.) MANUEL R. ROXAS Corporate Secretary
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