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April 24, 2024

BDO exec gets P6.15M from selloff after May 9 polls

A top executive of BDO Unibank Inc. headed by bankero Nestor Tan raised a total of P6.15 million after cutting his shareholdings a day after the May 9 presidential, national, and local elections.

BDO executive vice president Luis Santos Reyes Jr. unloaded 47,500 shares of the Sy-led bank last May 10 at a price range of P129 to P130 per share.

After the selloff, Reyes still owns 782,080 shares of BDO.