Food Headlines

Bargain hunting: Joey Concepcion picks up P22.5M RFM shares

Bilyonaryo Joey Concepcion has taken some time off from his COVID testing advocacy, Project ARK, to do some bargain hunting of his family’s food empire.

The Go Negosyo founder, through Triple Eight Holdings, bought five million shares of RFM on October 22.

READ: 4th generation: Joey Concepcion’s son, Christian, joins RFM board

The RFM president and CEO paid P4.50 for each share.

Concepcion is the single biggest owner of RFM with 23 percent share or P3.8 billion at last Friday’s close of P4.90.

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