Supplement to M.C. No. 42 (November 16, 1987) ( Memorandum Circular No. 42-A )

December 10, 1987

December 10, 1987

MEMORANDUM CIRCULAR NO. 42-A

SUPPLEMENTING MEMORANDUM CIRCULAR NO. 42 REQUIRING ALL CHAIRMEN, DIRECTORS AND HEADS OF COMPANIES AND CORPORATIONS FORECLOSED OR TAKEN OVER BY THE GOVERNMENT TO TENDER THEIR RESIGNATION

For the information and guidance of all concerned, attached is the list of companies and corporations submitted by the Committee on Privatization pursuant to Memorandum Circular No. 42 dated November 16, 1987. aDcTHE

The resignation of the Chairmen, Directors and Heads of Companies mentioned in the said list may be forwarded to the Office of the President as soon as possible.

This Memorandum Circular takes effect immediately.

Manila, December 10, 1987.

ATTACHMENT

LIST OF COMPANIES & CORPORATIONS COVERED BY MEMORANDUM CIRCULAR NO. 42

1. Agro-Livestock Commercial Development Corp.

2. APO Production Unit, Inc.

3. Apparel Worldwide

4. Asia Goodwill Fishing Corp.

5. Asia Industries, Inc.

6. Asiatic Integrated

7. Associated Bank

8. Bagong Bayan Corporation

9. Basin Dredging and Dev't. Corp.

10 Batangas Land Co. Inc.

11. Beta Electric Corporation

12. Bicolandia Sugar Development Corporation

13. Bislig Coal Corp.

14. Builder's Brick, Inc.

15. Cagayan Sugar Corporation

16. Carmona Woodworking Industries, Inc.

17. Carruf Development Corporation

18. Central Azucarera de Pilar

19. Commercial Bank of Manila

20. Continental Manufacturing Corporation

21. Davao Agri-Business Development Corporation, Inc.

22. Davao Equipment Manufacturing Corp.

23. Diamond Seafoods Corporation

24. Eastern Visayas Agricultural Projects, Inc.

25. Emmanuel Community Hospital

26. Energy Supply Base, Inc.

27. Filoil Industrial Estates, Inc.

28. Filoil Refinery Corporation

29. First Chicago Leasing & Equipment Credit Corp.

30. Food Terminal, Inc.

31. Furniture Mfg. Corp.

32. Gasifier Equipment Mfg. Corp.

33. GY Real Estate, Inc.

34. Hilongos Development Corporation

35. Hotel Enterprises of the Phil., Inc.

36. INCA Coffee Estate Corp.

37. Integrated Feed Mills Corp.

38. International Corporate Bank

39. Inter-Island Gas Service, Inc.

40. Kamayan Realty

41. Kaunlaran Food Corp.

42. Leyte Park Hotels, Inc.

43. Luzon Aggregates

44. Malangas Coal Corp.

45. Manarra Cassava Flour Mills

46. Manila Gas Corporation

47. Marawi Resort Hotel

48. Marina Properties Corp.

49. Maunlad Savings and Loan Association

50. Meat Packing Corporation of the Phils.

51. Metro Manila Transit Corp.

52. Mindanao Textile Corp.

53. Mindeva Coco-Coir Industries, Inc.

54. Mindeva Refrigeration Industries, Inc.

55. Monte Maria Poultry Farms

56. Mountain Springs Dev. Corporation

57. Nadeco Realty Corp.

58. National Chemical Carriers, Inc.

59. National Marine Corp.

60. National Precision Cutting Tools

61. National Shipping Corp. of the Phil.

62. National Slipways Corp.

63. National Stevedoring & Lighterage Corp.

64. National Sugar Refinery

65. National Trucking & Forwarding Corp.

66. NDC - Nacida Raw Materials Corp.

67. Negros Occidental Copperfield Mines, Inc.

68. Northern Foods Corporation

69. Oro Packaging Corporation

70. Pagdanan Lumber Products, Inc.

71. Pagkakaisa Gas Storage Corporation

72. Panaon Prawn Development Corp.

73. People's Industrial and Commercial Corporation

74. Perpetual Help Hospital/College of Rizal

75. Phil Cotton Corp.

76. Philippine Hi-Standard

77. Philippine Integrated Leather

78. Philippine Seeds, Inc.

79. Phil. Dairy Corp.

80. Phil. Amanah Bank

81. Phil. Fruit and Vegetable Industries, Inc.

82. Phil. Genetics, Inc.

83. Phil. Phosphate & Fertilizer Corp.

84. Phil. Plate Mills

85. Phil. Pyrite Corp.

86. Phil. Shipyard & Engineering Corp.

87. Phividec Panay Agro-Industrial Corp.

88. Pilipinas Bank

89. Pinagkaisa Realty Corp.

90. PNOC Coal Corp.

91. PNOC Marine Corp.

92. Primary Foods, Inc.

93. Prime Center Trade International System, Inc.

94. P. Floro and Sons

95. R & R Realty

96. Rafols Hotel

97. Redson Textile Mills

98. Republic Transport & Shipyard Corporation

99. Ridge Resort & Convention Center, Inc.

100. San Carlos Fruit Corp.

101. Semirara Coal Corporation

102. Shoe Technology Corporation

103. Tacoma Bay Shipping Co.

104. The Energy Corporation

105. The Manila Hotel

106. Union Industries, Inc.

107. Universal Cement Corporation

108. Usiphil, Inc.

109. Wood Koal, Inc.

110. Woodwaste Utilization & Development Corp.

111. ZNAC Rubber Estate Corp.