Davao-based businessman Dennis A. Uy continues his acquisition spree with the purchase of P1.28 billion worth of shares in listed firm ISM Communications Corp.
In a disclosure to the stock exchange on Thursday, Aug. 16, ISM said its executive committee has approved the subscription of Mr. Uy’s Dennison Holdings Corp. to 883.73 million unissued common shares of the company at P1.45 per share.
The subscription is equivalent to 45.13% of the company’s outstanding total stock. — Arra B. Francia