The Philippine Stock Exchange (PSE) has approved the proposal of business tycoons Edgar "Injap" Sia II and Tony Tan Caktiong to acquire 100 percent of local stock brokerage house Tri-State Securities Inc., which will be rebranded as "DragonFi." In an official notice to trading participants, PSE president Ramon Monzon announced that the board had approved the application of Tri-State for a change in controlling interest in favor of BeeDragon Global Corp. Sia's Injap Investments Inc. and Tan Caktiong's HoneyStar Holdings Corp. own one-third each of BeeDragon, while Jon Carlo Lim, Cathryn Lao and Don Alexander own shares equivalent to 14.33 percent, 14 percent and 5 percent, respectiv...
Keep on reading: Injap, Tan Caktiong test formidable alliance in stock brokerage venture
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Thursday, December 2, 2021
December 02, 2021
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