Infradev listed PCD Nominee Corp. as record holder of 1.297 billion IRC common shares – 651.905 million IRC common shares, or 10.64 percent, for Filipinos, and 644.920 million IRC common shares, or 10.64 percent, for foreigners. It issued 4,148,105,000 IRC common shares to Aggregate Business Group; 368.175 million IRC common shares to Auspicious One Belt One Road; and 45.385 million IRC common shares to Rizal Partners Co. Ltd., a Japanese company. Infradev ‘s principal stockholders, who are also substantial stockholders, are T&M Holdings Inc., 100.819 million IRC common shares, or 6.72 percent; Mabuhay Holdings Corp., 70.129 million IRC common shares, or 4.67 percent; Aggregate Business Group, 404.115 million IRC common shares; Rizal Partners, 103.2 million IRC common shares; and Jovial Elm, 200 million IRC common shares. In a “statement of changes in beneficial ownership,” Rizal Partners said it held 17,000 IRC common shares after it sold 39.27 million IRC common shares on Jan. 7, 2019. This means the issuance of 43.385 million common shares to Rizal Partners would increase its ownership of IRC common shares to 45.402 million, or 0.749 percent of 6.062 billion outstanding IRC common shares.

Source: Manila Times April 16, 2019 16:18 UTC