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Ongpin nephew joins Dennis Uy, Greg Yu in DITO selloff, unloads P100M shares

The nephew of bilyonaryo Bobby Ongpin has joined his fellow board members in DITO CME Holdings Corp. in selling their shares.

DITO director Eric O. Recto sold 32.825 million of the company’s shares for P2.97 each or a total value of P97.491 million.

RELATED STORY: Dennis Uy, Greg Yu unload P126M worth of DITO shares at 5-month high

This reduced Recto’s stake in DITO to 201.472 million shares or 7.22 percent from 234.3 million shares or 12 percent.

DITO chairman and president Dennis Uy and independent director Greg Yu sold a combined 34.2 million DITO shares from June 29 to July 2 with a combined value of P126 million.

Uy and Yu sold at an average of P3.04 or 25 percent higher than Recto’s selling price.

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