LMG Chemicals Corporation
PSE Circular for Brokers No. 589-98 • Philippine Stock Exchange • Circulars for Brokers • Apr 2, 1998
Full text
April 2, 1998 PSE CIRCULAR FOR BROKERS NO. 589-98 SUBJECT : LMG Chemicals Corporation LMG Chemicals Corporation ("LMG") confirmed to the Exchange, in a letter dated April 1, 1998, that the total number of shares reverted back to Chemical Industries of the Philippines ("CIP") is 35,790,790. The shares were reverted back to CIP when it exercised its option to rescind the Memorandum of Agreement with the TANCO Group for the sale of CIP's shareholdings in LMG as certain resolutory conditions have occurred and purchase closing did not take place in Closing Date. LexLib For your information. (SGD.) REYNOLD P. ONG Vice-President, Listing and Disclosures Group
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