MAGNATE Enrique Razon Jr. announced on Tuesday that he had sold 350 million shares in Bloomberry Resorts Corp., equivalent to a 3.18 percent stake, to international institutional investors for P3.8 billion.
Tshares were sold through holding firm Prime Metroline Holdings Corp. via overnight placement at P10.85 apiece, an 8 percent discount to the volume weighted average price.
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