Lucio Co beefs up holdings in Cosco Capital
Bilyonaryo Lucio Co has raised his stake in Cosco Capital to nearly a third.
Based on a regulatory filing with securities regulators, Co acquired 3.63 million shares of Cosco Capital at P7.75 per share or a total of P28.1 million.
Following the transaction, Co’s shareholdings in Cosco Capital increased to 32.36 percent (equivalent to 2.35 billion shares).
Cosco is Co’s holding company for his retail, real estate, liquor, oil and mineral exploration and other specialty businesses. It owns Puregold Price Club Inc. and S&R Membership Shopping.