GT Capital founder sells stock after 50% rise

Filipino business magnate George Ty sold partial stake in his flagship company after the stock reached an all-time high.

GT Capital founder sells stock after 50% rise

Filipino tycoon George Ty and his family raised Ps8 billion $172 million from the sale of shares in their flagship company GT Capital on Wednesday night, taking advantage of a big rally in the stock since the last time they sold shares.

Ty and some of his family sold 5.23 million shares in GT Capital, a diverse conglomerate he created as a holding vehicle for various assets in 2007. The sale in itself was not...

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