One million shares sold in one week: Tan Caktiong bayaw dumps P210M JFC shares ahead of PSE index drop
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One million shares sold in one week: Tan Caktiong bayaw dumps P210M JFC shares ahead of PSE index drop

Jollibee Foods Corp. (JFC) director Cho Sit Ang dumped roughly P210 million worth of his shares in the fastfood giant in a week-long selling spree amid a turbulent market.

Ang, through Venice Corp., sold 148,290 JFC shares at a price range of P209 to P209.60 on July 16.

Tan Caktiong bayaw unloads P39M Jollibee shares

The brother-in-law of bilyonaryo Tony Tan Caktiong continued unloading shares on July 17 as he disposed 651,000 shares at a price range of P210 to P212.

Estate planning: Tan Caktiong, Jollibee ‘founding owners’ consolidate holdings in Hyperdynamic through P24.4B deal

Ang had previously sold 200,000 JFC shares at P192.85 per share on July 12.

Tan Caktiong’s bayaw cashes in P8.6M as Jollibee shares sizzle

The JFC founder currently has 8.892 million (.8 percent) JFC shares, down 10 percent from 9.892 million (.9 percent) last week.

Tony Tan Caktiong, brother Ernesto buys P46M Jollibee shares at 31% discount

JFC has dropped 2.9 percent to P204 on July 21 since Ang started his selloff a week ago.

During the same period, the Philippine Stock Exchange Index has dropped 66.3 percent to 6,476 as investors got spooked by the spread of the Delta variant of COVID-19.

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