Walter Browns sells P29M shares in Ongpin’s Atok Big Wedge | Bilyonaryo Business News
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Walter Browns sells P29M shares in Ongpin’s Atok Big Wedge

Bilyonaryo Walter Brown has unloaded some of his stake in apublicly-listed holding firm controlled by former Marcos Trade Secretary Bobby Ongpin.

Brown, one of the country’s top metals and oil hunter, sold a total of 3.384 million shares of Atok Big Wedge at a price range of P7.98 and P8.56 per share from March 5 to 10, 2021.

READ: Irradiation Solutions: Walter Brown’s new startup will disinfect face masks, medical, cosmetic products

Brown, the company’s EVP, is still Atok’s second single biggest shareholder with P3.123 billion worth of shares or 16 percent under his company, North Kitanglad Agricultural.

Brown was ranked the 40th richest Filipino by Forbes in 2018 with a net worth of $200 million.

READ: Walter Brown allots P50M for shares buyback

Ongpin owns 58.4 percent of Atok worth P11.43 billion at current market prices.

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