Profit taking: Jocel Panlilio unloads P6.9M BHI shares a few weeks after hyping EKR’s interest in the firm’s Cavite property

Businessman Jose Marcel “Jocel” Panlilio cashed in on P6.2 million worth of shares in his family’s Boulevard Holding Inc.

Panlilio sold a total of 53.5 million shares at 13.031 centavos and 13.048 centavos per share on June 23.

Panlilio’s sale came just weeks after BHI disclosed on June 3 that a group led by bilyonaryo Ricky Razon was doing due diligence on 27 hectares of property in Cavite, including BHI’s land assets, for development into a world-class resort project.

By the way, Panlilio bought 60.77 million BHI shares at 10 centavos and 10.2 centavos per share on May 28.