Shakey’s Pizza [PIZZA 9.48, up 3.0%; 264% avgVol] [link] disclosed that its “long-standing strategic investor”, Arran Investments (Arran), sold its 16.8% stake (283 million shares) in PIZZA to Century Pacific Group (CPG) and JE Holdings (JEH) for P9.50/share. According to the disclosure, CPG purchased 185 million shares to push its stake in PIZZA up to 62%, and JEH purchased 98 million shares to push its stake up to 14.9%. Arran is an affiliate of Singapore’s sovereign wealth fund, GIC, and teamed up with CPG to purchase the Shakey’s chain of pizza restaurants in 2016. JEH is an investment company owned by the Gokongwei Family; Lance Gokongwei currently serves on PIZZA’s board of directors.