Leviste buys 8.5% stake of ABS-CBN

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7 months ago

Businessman Leandro Leviste, founder of renewable energy firm Solar Philippines and son of Senate President Pro Tempore Loren Legarda, has brought 8.5 percent stake of ABS-CBN Corp. in hopes of “helping” the debt-ridden media giant. In a stock exchange filing on Thursday, Leviste’s LL Holdings said it currently held 75.88 million of ABS-CBN’s shares. Parent

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