Solar Philippines founder Leandro Leviste increases stake in ABS-CBN Corp to 10%, nearing board seat.

Solar Philippines founder Leandro Leviste increased his stake in media giant ABS-CBN Corp to 10%, bringing him closer to a board seat. His companies, LL Holdings and parent firm Countryside Investments Holdings Corp, now own 90 million shares of ABS-CBN and ABS-CBN Holdings Corp, equivalent to 10% of outstanding shares. Leviste's stake has driven a 77% increase in ABS-CBN's share price since May.

June 05, 2024
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