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.  

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.

ANNEX
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.

Since 19.07.98.