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Issuance of Clearance

PSE Memo for Brokers No. 242-98 • Philippine Stock Exchange • Memo for Brokers • May 27, 1998

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May 27, 1998 PSE MEMO FOR BROKERS NO. 242-98 SUBJECT : Issuance of Clearance MEMBER-FIRM : Rashid Hussain Securities (Philippines), Inc. Further to PSE Member-Firm Notice No. 125-98 dated March 9, 1998, RASHID HUSSAIN SECURITIES (PHILIPPINES), INC . has informed the Exchange on May 21, 1998 that the company has issued clearance in favor of MR . RICHARD UNDERWOOD to join another member-firm. prLL For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President & Chief Executive Officer

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