Share prices of Tiu’s firms plunge

Share prices of Antonio Tiu's listed companies plummeted on Thursday, apparently weighed by the ongoing committee hearing at the Senate. 

 

"Definitely related to the ongoing Senate hearing," First Grade Finance Inc. managing director Astro del Castillo told GMA News Online.

 

AgriNurture Inc. (ANI) closed at P2.43 per share on Thursday, 8.3 percent lower from P2.65 on Wednesday. Shares of Greenergy Holdings Inc., on the other hand, closed at P0.69 apiece on Thursday, down 15.85 percent from P0.82 on Wednesday.

 

"Basically, investors continue to sell down the stocks... the ghost of the query will continue to hunt until it's over," he added.

 

Tiu is the chairman of the board of ANI, an agro-commercial business on export trading of fresh Philippine carabao mango, cavendish banana and pineapple, and coconut water.

 

He  is also CEO of Greenergy Holdings Inc., a listed company engage in renewable energy and semiconductor business. It owns Sunchamp Real Estate Development Corp., that has real and enforceable rights over a 145-hectare land in Rosario, Batangas.

 

Tiu is being dragged into the investigation of Senate Blue Ribbon subcommittee on corruption allegations being linked to Vice President Jejomar Binay.

 

Some senators have claimed that Tiu is a Binay dummy after former Makati Vice Mayor Ernesto Mercado revealed that the supposed sunchamp property in Rosario, Batangas was actually Binay's estate. —NB, GMA News