On January 13, Andrew Tan-led Empire East Land Holdings, Inc. (ELI), a property firm that was spun off from Megaworld Corporation (MEG) in 1994 since it caters to the middle income market, jumped by another 13.85% from an opening of PHP 0.69 to PHP 0.74. The other day, we saw it soaring by 14.04% from PHP 0.57 to PHP 0.65. So what’s behind ELI’s sudden move?
