DITO CME's shares surge nearly 8% on Tuesday, July 9, amid talks of the company selling majority stake to a foreign company
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MANILA, Philippines – The controlling shareholder of third telco Dito Telecommunity said that there have been “no definitive agreements” executed amid talks of a foreign buyout.Philippine Star report The STAR report cited a source as saying that Davao-based tycoon Dennis Uy, DITO CME chairman, “intends to keep a minority stake” in the company. Uy is currently chairman of the company.
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