Go joined the bargain
hunting of PLDT Inc.
(TEL) shares a week
after its bombshell
report on P48 billion
The TEL director
bought 15,000 shares
at P1,3812 each on
TEL dropped to a
low P1,187 on December 19 after disclosing
at the close of trading
hours on December 16
that it was investigating the estimated P48 billion overrun
in capital expenditures from 2019 to 2022.
It has bounced back to P1,424 as of January 5, just
short of its pre-bombshell price of P1,478 on December 16.
Go’s total TEL holdings are currently worth P1.354 billion, the biggest among directors and officers of the telco
His family’s JG Summit owns 11.27 percent of TEL