Alliance Global sold a total of 4.39 percent in Emperador Inc. since November, contributing to the increase in its public float to 20.1 percent from end-September’s 15.7 percent.
Between November 24 and 25, AGI sold 20.2 million shares. Between December 1 and 19, AGI sold another 670.41 million shares, reducing AGI’s stake in Emperador to 79.48 percent from 83.87 percent.
Emperador told regulators Tuesday it now has a public float of 20.1 percent.
“The increase in float reflects the robust investor appetite for Emperador stock and should improve liquidity of the shares. This welcome development comes at a time when (Emperor) shares have seen greater demand as a result of its dual listing on the Singapore Exchange,” it said.
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