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Solar Philippines founder Leandro Leviste has increased his stake in multimedia firm ABS-CBN Corporation to 90 million shares.In a regulatory filing to the Philippine Stock Exchange on Wednesday, ABS-CBN disclosed that Leviste’s LL Holdings Inc. and its parent company Countryside Investment Holdings Corporation now own a total of 90,000,300 common shares of ABS-CBN and ABS-CBN Holdings , comprised of 87,663,300 shares in ABS-CBN and 1,718,000 shares in ABSP.
Leviste, the president and CEO of both Leviste Holdings and Countryside, submitted the Initial Statement of Beneficial Ownership of Securities in compliance with rules for disclosing upon reaching the 10% threshold to become a non-public shareholder.With 90 million shares, Leviste is close to gaining a seat in the 11-person Board of Directors of ABS-CBN.Last month, Leviste announced his acquisition of 8.
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