Bilyonaryo Ricardo Po is left with one direct share of Century Pacific Food (CNPF) under his name after unloading P4.704 million worth of stocks last week.
Po, the 16th richest Filipino with a net worth of $1.6 billion, sold 160,000 CNPF shares at P29.40 per share on September 24. CNPF hit a new historic high of P29.60 on the same day.
The 90-year old sold his shares to his holding firm, Century Pacific Group, which owns 69 percent of CNPF.
Po and six other members of the CNPF board owned the same number of shares (160,001): Johnip Cua, Fernan Victor Lukban and his four sons Ricardo Gabriel (vice chairman), Teodoro Alexander (president and CEO), Christopher (executive chairman), and Leonardo Arthur