Bilyonaryo Andrew Tan built up his interest in highly-profitable brandy and whisky company just before its stock price jumped to a new record high.

READ: Andrew Tan’s revenge: Emperador jumps 31% since getting spilled out of PSE Index

Tan, through Alliance Global Group Inc. (AGI), acquired a total of 54.355 million shares of Emperador (EMP) at an average price of P13.03 in August. His purchase reduced the EMP’s public float to below 15 percent.

EMP rocketed to a new all-time high of P17.80 on August 20 or five days after it was booted out of the Philippine Stock Exchange Index.

The post Andrew Tan’s Alliance Global loads up P706M shares in Emperador before it smashed historic high first appeared on Bilyonaryo Business News.



Andrew Tan’s Alliance Global loads up P706M shares in Emperador before it smashed historic high
Source: Filipino Daily Inquirer