MANILA -Billionaire and San Miguel Corp. (SMC) president Ramon Ang will complete a P10.9-billion investment in listed Top Frontier Investment Holdings Inc., the parent firm of the conglomerate, by the end of the month. Announced in early June, the deal with strengthen Ang's position as the second-biggest shareholder of SMC after tycoon Iñigo Zobel. It was previously announced that Ang's private investment firm Far East Holdings Inc. will acquire 45 million newly issued shares of Top Frontier at P241.

https://business.inquirer.net/404713/ramon-ang-to-pay-120-premium-for-more-shares-in-smc-parent

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