Order Freezing the Assets of ASIA CAPITAL FINANCING CORPORATION (ACFC).
CIRCULAR LETTER Series of 1999
TO : All Commercial Banks And Thrift Banks
SUBJECT : Order Freezing the Assets of ASIA CAPITAL FINANCING CORPORATION (ACFC).
As requested by Chairman Perfecto R. Yasay, Jr., of the Securities and Exchange Commission (SEC), we are furnishing you, for your reference and guidance, a copy of his letter dated May 5, 1999, seeking assistance in the implementation of a SEC Order freezing the assets of ASIA CAPITAL FINANCING CORPORATION (ACFC) by informing trustee/depository banks of said corporation to disallow any and all withdrawals of assets of said corporation in their custody.
ALBERTO V. REYES Officer-In-Charge
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