PHILIPPINES PRESS-Ongpin raises Alphaland stake, Ashmore diluted - Star

Tue Jan 21, 2014 7:27pm EST

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The group of Filipino businessman Roberto Ongpin has increased its interest in Alphaland Corp to a majority stake following a capital call, thereby diluting the stake of British fund Ashmore, previously the single largest shareholder of the Philippine property firm.

(link.reuters.com/zez26v)

NOTE: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Manila Newsroom; Editing by Prateek Chatterjee)

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