Friday 19 October
Powered by Ajaxy
Jul 22, 2018 @ 20:15

EastWest Bank chairman increases stake in the bank


East West Banking Corp. disclosed that its chairman, Jonathan Gotianun has shored up his holdings in the lender with the purchase of an additional 360,500 shares.

The shares were bought from June 6 to 28 at a price ranging from P14.40 to P14.88 apiece

Following the latest purchase, Gotianun now holds 0.72 percent or 16.27 million shares in the company

The move shows that Gotianun has confidence in the future of the bank.

East West closed four centavos higher Friday at P14.59 each share.

The bank plans to raise P10 billion through a stock rights offering by the end of the year. Apart from this, the Gotianun family is still open to bringing in a foreign strategic partner which can add value to EastWest Bank.

Please follow and like us:

Tags: ,

Related Stories
“It is the biggest gift for a single project from a single donor for Xavier
Filinvest Development Corp. (FDC) of the late Bilyonaryo Andrew Gotianun is extending a five percent
The income surge isn't just a stroke of luck.


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.