PSE Circular for Brokers No. 552-98
PSE Circular for Brokers No. 552-98 • Philippine Stock Exchange • Circulars for Brokers • Mar 31, 1998
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March 31, 1998 PSE CIRCULAR FOR BROKERS NO. 552-98 March 30, 1998 PHILIPPINE STOCK EXCHANGE, INC. PHILIPPINE STOCK EXCHANGE CENTRE EXCHANGE ROAD, ORTIGAS CENTER PASIG, METRO MANILA Attention : Maria Isabel Garcia Head, Listing Group Dear Ms. Garcia : Pursuant to the disclosure requirements of the Philippine Stock Exchange, Inc. (the "Exchange"), please be informed that in a special meeting of the Board of Directors of East Asia Power Resources Corporation ("EAPRC" or the "Company") held this afternoon in Pasig City, the Board of Directors authorized the execution of Memorandum of Agreement between EAPRC and Filinvest Development Corporation (FDC), accepting the investment of FDC in East Asia Utilities Corporation (EAUC) and Cebu Private Power Corporation (CPPC), two power projects of EAPRC in Cebu with a combined plant capacity of 123 megawatts, through the conversion of FDC's US-dollar denominated loans to the EAPRC group into common shares of EAUC, and the infusion by FDC of additional funds for the completion and operationalization of the projects. Thank you for your attention, and kind regards. Very truly yours, (SGD.) J. ILDEBRANDO B. AMBROSIO Assistant Corporate Secretary
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