PSE Circular for Brokers No. 725-99

April 12, 1999 PSE CIRCULAR FOR BROKERS NO. 725-99 Securities and Exchange Commission Form 11-C Current Report Under Section 11 of the Revised Securities Act (RSA) and RSA Rule 11-(a)-1(b)(3) thereunder 1. Date of Report April 5, 1999 2. SEC Identification Number 133653 3. BIR Tax Identification No. 033-000-132-413-V 4. Exact name of registrant as specified in its charter ASIAN TERMINALS, INC. 5. Province, Country or other jurisdiction of incorporation Manila, Philippines 6. Industry Classification Code (SEC Use Only) 7. Address of principal office/postal code Muelle de San Francisco, South Harbor, Port Area, Manila 8. Registrant's telephone number/area code 527-80-51 to 81 9. Former name or former address, if changed since last report N/A 10. Securities registered pursuant to Sections 4 and 8 of the RSA Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding Capital stock-common 2,000,000,000 Long Term Commercial Papers P1,500,000,000 11. Indicate the item numbers reported herein: Item 9 Other Events Stock Purchase Agreement On 31 March 1999, the Company has concluded a Stock Purchase Agreement for the sale of its 2,999 shares of stock in Terminales Rio de Plata (Argentina) to P&O Australia Ports Pty. Ltd. and LAIF VI Ltd. for a total consideration of US$5.05 Million. TRP is an Argentine company engaged in port operations in which the Company owns shares of stock. Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ASIAN TERMINALS, INC. (SGD.) ATTY. RODOLFO G. CORVITE, JR. Corporate Secretary