March 23, 2000
PSE CIRCULAR FOR BROKERS NO. 758-00
| SUBJECT | : | MACROASIA CORPORATION |
| Record Date and Work Program for 1:4 Stock Rights | ||
| Offering with 2:1 Warrants Offering |
Further to Circular for Brokers No. 2941-99 dated November 17, 1999, please be informed that the record date of the 1:4 stock rights offering with 2:1 warrants offering of MACROASIA CORPORATION (the "Company") has been set on April 12, 2000. The details are as follows:
| A. | 1:4 Stock Rights Offering | ||
| Offer Ratio | : | One (1) rights share for every four (4) | |
| common shares held | |||
| Offer Shares, par value | : | 250,000,000 common shares, P1.00 per | |
| share | |||
| Offer Price | : | P2.00 per share | |
| Eligible Subscribers | : | All shareholders as of Record Date. | |
| Record Date | : | April 12, 2000 | |
| Ex-date | : | April 6, 2000 | |
| Offer Period | : | April 24 - 28, 2000 | |
| Payment Terms | : | Full payment upon subscription | |
| Underwriter | : | Allied Banking Corporation — Trust & | |
| Investments Division | |||
| Financial Adviser and | |||
| Issue Manager | : | Securities 2000, Inc. ("SEC2000") | |
| Stock Transfer Agent | : | Allied Banking Corporation — Trust | |
| Banking Division | |||
| B. | 2:1 Warrants Offering | ||
| Number of Warrants | : | 500,000,000 warrants | |
| Description of | : | Attached to and detachable from stock | |
| Warrants | : | rights shares | |
| Ratio | : | Two (2) Warrants for every one (1) rights | |
| share subscribed | |||
| Cost of Warrants | : | P0.10 | |
| Exercise Period | : | Within ten...
AIC Grande Tower Garnet Road
Mobile No. +639451244898 |
