Jadel is DNL’s majority stockholder

Dean Ang Lao Jr. is a managing director of Chemrez Technologies Inc. (COAT), which google shows is “a manufacturer or powder coating based in the Philippines,” adding that “it has been listed on the Philippine Stock Exchange since Dec. 8, 2000 and is a member of the D&L Group of Companies. On June 9, 2006, shareholders of Corro-Coat Inc. approved the purchase of Chemrez Inc. and its biodiesel project.”

Lao bought 150,000 common shares in D&L Industries Inc. (DNL ): 50,000 at P7.41 per share on Jan. 5, 2021 and 100,000 at P7.22 per share on Jan. 6, 2021. With his additional “buys,” he increased his ownership to 3,823,577 common shares, or 0.05 percent, according to his filing.