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“Enrique Razon doesn’t gamble and says he feels more comfortable operating a port crane than he does glad-handing a crowd of high-rollers,” Bloomberg wrote in November 2013.

Mr Razon, worth an estimated at $4.7bn, according to Forbes, may not be into gambling; nonetheless, there is reason to believe he must be unimpressed by the poor performance on the stock market of one of his core holdings – International Container Terminal Services Inc (ICTSI), the Manila-headquartered ports operator – over the last ...

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