Chemical Industries of the Philippines, Inc.
PSE Circular for Brokers No. 590-98 • Philippine Stock Exchange • Circulars for Brokers • Apr 2, 1998
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April 2, 1998 PSE CIRCULAR FOR BROKERS NO. 590-98 SUBJECT : Chemical Industries of the Philippines, Inc . Chemical Industries of the Philippines, Inc. ("CIP") confirmed to the Exchange, in a letter dated April 1, 1998, that the total number of shares reverted back to the company is 35,790,790, for the reason that it has exercised its option to rescind the Memorandum of Agreement with the TANCO Group for the sale of its shareholdings in LMG Chemicals Corporation ("LMG"), as certain resolutory conditions have occurred and purchase closing did not take place in Closing Date. cdpr For your information. (SGD.) REYNOLD O. ONG Vice-President, Listing and Disclosures Group
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