Bilyonaryo Jerry Liu has not stopped shedding his stake in his semiconductor firm based in Laguna Techno park.
Liu reported selling five million shares of Cirtek Holdings Corp. at P6.57 on July 12, for a total value of P32.85 million.
The 72-year old businessman has disposed a total of 30 million Cirtek shares in the last three months. He has reduced his stake in the company to 42.69 percent as of July 12 from 49.85 percent in April.
UPDATED: Jerry Liu unloads P40M Cirtek shares
In a meeting on July 17, Cirtek’s board approved a cash dividend of $0.001193137 or a total of $500,000 on 11 August 2020 to shareholders of record as of 04 August 2020.
Liu was ranked No. 44 on Forbes’ 50 richest Filipinos in 2018 with a net worth of $145 million. Cirtek peaked at P54 per share in January 2018.