, purchased ~4.4 million shares of CREC last week at an average price of P2.61/share, for a total spend of P11.5 million. Mr. Tan bought the shares across 29 transactions ranging in price from a low of P2.47/share to a high of P2.69/share. The buying spree effectively doubled Mr. Tan’s indirect ownership of CREC to approximately 0.1% of CREC’s outstanding shares.Mr. Tan is basically picking up where the stabilization fund left off.
There have a been a lot of developments recently on inflation, interest rates, and currency valuation projections, so I just...
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