Business

Arthur Ty buys P368M worth of Metrobank shares

Metropolitan Bank & Trust Co. chairman Arthur Ty loaded up on more shares of Metropolitan Bank and Trust Co.

Metropolitan Bank & Trust Co. chairman Arthur Ty loaded up on more shares of Metropolitan Bank and Trust Co.

In a regulatory filing, Metrobank said Arthur acquired five million shares of Metrobank for P73.60 apiece or a total of P368 million on Aug. 23.

Following the transaction, Arthur now indirectly owns nearly 350 million million Metrobank shares or about 8.77 percent. He directly owns 13.25 million shares representing .33 percent of the bank.

Arthur is the eldest son of taipan George S.K. Ty, who also has investments in automotive assembly and dealership, property development, infrastructure, insurance, and utilities.

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