See comparative screenshots. That 'missing' 10% stake is equivalent to nearly P25.5 billion at today's market close.
By SMC's count, RSA owned 32.9% of the capital stock in 2020, even though his total direct and indirect shareholdings were lower at 448.58 million.
By the end of March 2022, the San Miguel president's stake was down to only 23.1%, even though his total shareholdings had shot up to 784.8 million.
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