Mikel Aboitiz gobbles up P100M AP shares in bearish market

BILYONARYO.COM

The vice chairman and director bought a total of four million shares at a price range of P24.70 to P25 from March 15 to 18.

AP closed at P23.95 on March 22, down by 21 percent from its 52-week high of P30.35 in June 2020.

AP profits plunged by 25 percent to P12.5 billion due to weak power demand brought about by the pandemic.

Subscribe to

Stay in the know with Bilyonaryo’s unparalleled coverage of business news and global industries!

Elevate your understanding of the Philippine business landscape and gain insights into worldwide markets by subscribing to our dedicated channels. Receive breaking news, in-depth analyses, and exclusive interviews with industry leaders directly on Viber, WhatsApp, and Facebook. Stay informed and empowered with our Email Newsletter, delivering curated content right to your inbox.

Don’t miss out on crucial updates and trends shaping economies and businesses both locally and internationally.

Join Bilyonaryo’s community today by clicking the button below to subscribe and stay ahead in the dynamic world of business.

Share this Bilyonaryo story