Bilyonaryo Helen Yuchengco-Dee, the chairperson of Rizal Commercial Banking Corp. (RCBC), has recently made a substantial investment of P328 million to bolster her ownership in the Philippines’ fifth largest private trilyonaryo bank.
Yuchengco-Dee, through GPL Holdings, bought a total of 13.814 million shares at an average price of P23.72 from May 23 to July 14.
GPL bought the shares for long-term strategic investment and indicated to buy more shares.
GPL now holds 102.52 million shares or five percent of RCBC.