More bad news for Villar's supermarket stock: Lockup on P2.615B AllDay shares expires on June 25
Business

More bad news for Villar’s supermarket stock: Lockup on P2.615B AllDay shares expires on June 25

Investors stuck with ultra bilyonaryo Manny Villar’s initial public offering bust, AllDay Marts (ALLDY), are bracing for more pain next week.

Philippine National Bank, ALLDy’s escrow agent, said the lock up period on 2.615 billion ALLDy shares held by AllValue Holdings would expire on June 25.

This means 11.1 percent of ALLDy’s stocks would be eligible for trading on June 27.

ALLDY closed at 31.5 centavos on June 21, 48 percent below its IPO price of 60 centavos seven months ago.

 

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