Andrew Tan's Alliance Global loads up P706M shares in Emperador before it smashed historic high
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Andrew Tan’s Alliance Global loads up P706M shares in Emperador before it smashed historic high

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.

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