PSE Circular for Brokers No. 446-99

March 10, 1999 PSE CIRCULAR FOR BROKERS NO. 446-99 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. March 9, 1999 Date of Report(Date of event reported) 2. SEC Identification Number 36359 3. BIR Tax Identification No. 000-438-702 4. BASIC CONSOLIDATED, INC. Exact name of registrant as specified in its charter 5. Philippines Province, country or other jurisdiction of Incorporation 6. Industry Classification Code 7. 6th & 7th Floors Basic Petroleum Bldg. C. Palanca St., 1229 Legaspi Village, Makati City Postal Code Address of principal office 8. 817-8596 to 98 Registrant's telephone number, including area code 9. Not Applicable Former name of former address, if changed since last report 10. Securities registered pursuant to Sections 4 and 8 of the RSA Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding Common Shares 1,500,000,000 Listed with PSE 1,500,000,000 11. Indicate the item numbers reported herein: Item No. 9 other Events Basic Consolidated, Inc. availed of a P20 Million credit facility with Great Pacific Savings Bank SIGNATURES Pursuant to the requirements of the Revised Securities Act. the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. cdll BASIC CONSOLIDATED, INC. Registrant (SGD.) CARLOS A. ROSALES VP & Corporate Secretary Signature and Title