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Team effort: MVP, James Go lead board in racking up Meralco shares

Bilyonaryos Manny V. Pangilinan and James Go and four other members of the Manila Electric Co. board are building up their respective shares in the power utility.

The six Meralco board directors acquired a total of P7.73 million worth of Meralco shares from 27,917 shares at a price range from September 28 to 30.

They bought the shares at a price range of P274.80 and P277.60.

Aside from Pangilinan and Go, the other Meralco directors who bought the firm’s shares are Annabelle Chua, Elpidio L. Ibanez, Jose Ma. K Lim and Victorico Vargas.

Meralco posted weaker than expected sales during the pandemic-wracked first half – down 7.4 percent as the surge in residential sales failed to make up for the drop in demand of locked down companies.

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