PSE Circular for Brokers No. 405-00
PSE Circular for Brokers No. 405-00 • Philippine Stock Exchange • Circulars for Brokers • Feb 18, 2000
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February 18, 2000 PSE CIRCULAR FOR BROKERS NO. 405-00 February 17, 2000 PHILIPPINE STOCK EXCHANGE, INC. Philippine Stock Exchange Centre Exchange Road, Ortigas Center, Pasig City Attention: Atty. Ruben Almadro VP-Compliance & Surveillance Group RE : Decrease in the Share Price of BWRC From P4.95 to P3.00 Per Share Gentlemen: This is to comply with your letter dated 17 February 2000 regarding the above captioned matter. The management believes that the reason for the decrease in the price of BWRC shares is the Philippine Stock Exchange Preliminary Report Investigation on BWRC that had been made public. The report being adverse to the corporation in nature, it had the effect of discouraging and encouraging investors from investing in the corporation. cdll Very truly yours, BW RESOURCES CORPORATION By: (SGD.) JOSE SALVADOR M. RIVERA, JR. Corporate Secretary
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