The son of Aboitiz Transport System chairman and bilyonaryo Enrique “Endika” Aboitiz Jr. did some last-minute buying of shares in the family’s power company before the close of 2022 trading.
Danel Aboitiz purchased a total of 100,000 shares of Aboitiz Power (AP) at a price range of P33.70 to P34 on December 28 and 29, the Philippine Stock Exchange’s last two trading days for 2022.
Danel has jacked up his stake in AP by 38 percent to 10.125 million shares worth P345 million over the last 12 months.
The 40-year old has been a director of AP since 2018. He used to head the power firm’s coal and oil units.