Leviste now largest individual shareholder at RCI

SOLAR Philippines founder Leandro Leviste has become the largest individual shareholder at listed holding firm Roxas and Co. Inc. (RCI) following his purchase of nearly 200 million sharesLeviste told the Securities and Exchange Commission on Tuesday that he had acquired 188.89 million shares of RCI, equivalent to 7.55 percent of the firm’s total issued and outstanding common shares.

From a closing price of 59 centavos per share on March 11, RCI shares have advanced by 271 percent to P2.19 apiece as of March 19. This has brought the market value of Leviste’s 188.89 million shares to about P413.7 million.