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PSE Circular for Brokers No. 649-98

PSE Circular for Brokers No. 649-98 • Philippine Stock Exchange • Circulars for Brokers • Apr 8, 1998

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April 8, 1998 PSE CIRCULAR FOR BROKERS NO. 649-98 Philippine Stock Exchange, Inc . Phil. Stock Exchange Centre Exchange Road, Ortigas Center Pasig City Attention: Compliance Monitoring Division Ma . Isabel T . Garcia Head Listing Department Gentlemen : Please be informed that RCBC has withdrawn its offer to purchase the 100% equity ownership of Orient Commercial Banking Corporation since its offer was not accepted to the Bank's satisfaction. Nonetheless, RCBC is reserving its right to bid anew in the event the questions that have arisen are finally resolved. LexLib Thank you for your attention. Very truly yours, (SGD.) MERLYN E. DUCNAS Assistant Corporate Secretary

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