Director dealings: Italpinas CEO unloads 5M shares
Italpinas Development Corp. chairman and CEO Romolo Nati sold five million of his shares last week.
In a stock exchange filing, green building developer Italpinas said Nati disposed off the shares at P7.14 each on Sept. 24.
Following the transaction, Nati is now left with 80.37 million Italpinas shares.
Italpinas was earlier reported to be a takeover target of Davao-based businessman Dennis Uy who has been on an acquisition spree since the start of the Duterte administration.