Uy’s Udenna Acquires 100M Shares of Atok
Share price of Atok Big Wedge Inc. (PSE: AB), a listed company owned by businessman Roberto Ongpin, surged 23.8 percent on Tuesday after the company reported that businessman Dennis Uy acquired PhP200 million worth of shares in the company.
Stock price of Atok hit a high of PhP17, before closing at PhP14.98 from the previous day’s close of PhP12.10. The company reported that North Kitanglad Agricultural Company Inc. sold 100 million Atok common shares to Dennis Uy-led Udenna Corp. at a negotiated price of PhP2 per share for a total of PhP200 million.
