One of the profitable companies under Alliance Global Inc. is Emperador Inc. that produces the popular Emperador brandy. PHOTO FROM ALLIANCE GLOBAL FACEBOOK PAGEAlliance Global Group Inc., Andrew Tan's holding company, saw its shares tumble last week, following the fall of Philippine shares on Friday. The shares of Alliance Global dropped 78 centavos or 7.98 percent to its 30-day low of P9 apiece amid the 3.61-percent plunge of the stock exchange on Friday. The slump prompted the stock to conclude the week among top decliners and bleed out 10 percent week-on-week. Diversified Securities Inc. trader Aniceto Pangan in a text message said the shares of Alliance Global was affected by the recent reimposition of strict quarantine restrictions due to the threat of the highly contagious Delta variant.

Source: Manila Times August 15, 2021 15:44 UTC