Bilyonaryo Ramon “Boy Blue” del Rosario Jr. raised his personal stake in his family’s diversified holding firm Phinma.
The former Finance Secretary bought P2.3 million shares at P19.30 each on August 16.
The acquisition increased del Rosario’s holdings in Phinma by 28 percent to P10.57 million shares valued at P205 million.
Del Rosario made the acquisition after Phinma reported a seven percent year on year drop in profit to P406.833 million in the first half of 2022.