Lao family loads up on D&L shares
Jadel Holdings, the investment arm of the Lao family, has shored up its holdings in chemical and food ingredient manufacturer D&L Industries Inc.
In a regulatory filing, D&L said its parent firm Jadel purchased 547,100 at P10 each.
This effectively raised Jadel’s stake in D&L to 58.4 percent or about 4.12 billion shares.
D&L has four principal business lines namely, food ingredients, colorants and plastics additives; aerosols; and oleochemicals, resins and powder coatings. It also toll manufactures a range of related products, including insect control, industrial maintenance chemicals, and home and personal care products, among others.