Sunday 21 October
Powered by Ajaxy
Aug 12, 2018 @ 22:12

Bright Kindle president sells over 500,000 shares


Bright Kindle Resources & Investments Inc. said its president Isidro Alcantara sold a total of 518,000 shares last week for a little over P1 million.

In a filing with the stock exchange, Bright Kindle said Alcantara unloaded the shares on Aug. 7 at a price ranging from P2 to P2.09 apiece.

Alcantara took advantage of the sharp rise in the company’s share price following the arrest of Japanese billionaire Kazuo Okada in Hong Kong.

With the divestment, Alcantara’s stake in Bright Kindle has been reduced to 2.87 percent equivalent to 43.919 million indirect shares and 1,000 direct shares.

Shares of BKR shot up as high as P2.22 on Aug.7 as the arrest of Okada did not prevent punters from speculating.

BKR was earlier reported to be a backdoor listing target of integrated resort Okada Manila.

Please follow and like us:

Tags: , , ,

Related Stories
Justice Secretary Vitaliano Aguirre II has placed Japanese billionaire Kazuo Okada on the Philippine immigration
Bilyonaryos Antonio “Tonyboy” Cojuangco and Manny V. Pangilinan joined President Rodrigo Duterte for a three-day
An extremely rare bottle of whisky was sold for a new world record at auction
Homegrown fastfood giant Jollibee Foods Corp. aims to open 50 outlets of its flagship Jollibee


Trending News

Recommended on sister sites

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