MANILA – The Po family's Century Pacific Group raised its stake in Shakey's Pizza Asia Ventures Inc with the purchase of new shares, the restaurant operator said Monday.
Century Pacific acquired 8 million commons shares at P9.50 apiece increasing its stake to 53.57 percent, Shakeys told the stock exchange.
The purchase represents 0.52 percent of the pizza restaurant chain, Shakey’s said.
Shares of Shakey's were up 0.11 percent while Century Pacific was down 0.13 percent. The main index was down 0.43 percent.