March 24, 2000
PSE CIRCULAR FOR BROKERS NO. 767-00
March 23, 2000
Philippine Stock Exchange, Inc.
PSE Centre, Exchange Road
Ortigas Center, Pasig City
Metro Manila
Fax No. : 636-0809
ATTENTION: Disclosure Department
Gentlemen:
| RE | : | PROPOSED DISPOSAL OF EQUITY INTEREST IN |
| MAGNUM HOLDINGS, INC. ("MHI") | ||
| BY ITS SUBSTANTIAL STOCKHOLDERS | ||
| ("PROPOSED DISPOSAL") |
Further to our letter dated 23 March 2000 addressed to the Compliance and Surveillance Group, we are submitting herewith this notice to advise that MHI has on 23 March 2000 received a notification from Magnum Corporation Berhad (a company incorporated in Malaysia), which is the holding company of Magnum Enterprise Sdn Bhd ("MESB") and Magnum (Guernsey) Ltd ("MGL"), that MESB and MGL have on 23rd March 2000 entered into a conditional sale and purchase agreement for the disposal by MESB and MGL to the Purchaser of an aggregate of Sixty Million And Six Hundred Thousand (60,600,000) ordinary shares with a par value of Philippine Peso One (PhP1.00) each representing an aggregate of Seventy One & 26/100 Percent (71.26%) of the issued and paid up capital of MHI (the "Sale Shares") for and...
