Headlines Property

Token share left under his name: Andrew Tan unloads P380M Megaworld shares

Bilyonaryo Andrew Tan has practically sold all of his direct shares in his premiere property firm, Megaworld Corp.

Tan unloaded 95 million shares of Megaworld on November 23 at P4 each or double the stock’s low of P1.92 in mid-March.

Megaworld closed at P3.88 on Wednesday, November 25.

The shares represented .3 percent of Megaworld’s outstanding shares.

Tan has only one share left under his name after this sales transaction.

Tan controls Megaworld through Alliance Global Group (44.15 percent) and New Town Land Partners (17.72 percent).

0 0 votes
Article Rating
Subscribe
Notify of
guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x