PSE Circular for Brokers No. 556-99
PSE Circular for Brokers No. 556-99 • Philippine Stock Exchange • Circulars for Brokers • Mar 23, 1999
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March 23, 1999 PSE CIRCULAR FOR BROKERS NO. 556-99 March 22, 1999 Philippine Stock Exchange PSE Centre, Exchange Road Ortigas Center, Pasig City Attention: Ms . Luisa W . Buenaventura Supervisor , Disclosure Department Ms . Raquel R . Angeles Analyst, Disclosure Department Gentlemen : This is in reply to your fax message received by our company on March 19, 1999 relative to the news article which appeared in the March 19, 1999 issue of The Manila Standard reporting, among other, that "Filipino-Chinese Taipan Lucio Tan is really bent on acquiring the struggling Air Philippines . . .to settle billions in loans owed by Gatchalian . . ." In this connection. please be informed that nothing has been presented to, or taken up in the Board nor Management of Air Philippine International Corporation relative to the alleged acquisition. LibLex We hope that the foregoing clarifies the matter. Thank you. Yours very truly, AIR PHILIPPINES INTERNATIONAL CORPORATION By: (SGD.) PETER S. SELED President
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