Listed GMA Network Inc. plans to repurchase Philippine depositary receipts (PDRs) from foreigners, more than a month after Congress denied granting a new legislative franchise to its chief rival after questions about its own PDRs were raised.
In a disclosure on Tuesday, the Gozon-led media giant said its board of directors gave the go-signal to buy back the PDRs issued by GMA Holdings Inc. to non-Filipinos at P4.55 per share or lower “effective immediately and up to Oct. 31, 2020.”
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.