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THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
economy-ss-8
Inflation Update: Weak demand softens shocks
July 4, 2025 DOWNLOAD
948 x 535 px AdobeStock_433552847
Economic Updates
Monthly Economic Update: Fed cuts incoming   
June 30, 2025 DOWNLOAD
equities-3may23-2
Consensus Pricing
Consensus Pricing – June 2025
June 25, 2025 DOWNLOAD
View all Reports
Economy 1 MIN READ

BRIEF-ABS CBN Confirms On Jan 20, Board Approved Sale Of 21.3 Million Treasury Shares And 27.8 Million PDRS To Institutional Buyers

January 26, 2022By Reuters
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Jan 26 (Reuters) – ABS CBN Corp:

  • CONFIRMS ON JAN 20, BOARD APPROVED SALE OF 21.3 MILLION TREASURY SHARES AND 27.8 MILLION PDRS TO INSTITUTIONAL BUYERS AT 15.23 PESOS EACH

  • CONFIRMS THAT LOPEZ COMMITTED TO PURCHASE UP TO 500 MILLION PESOS OF SHARES AND PDRS NOT TAKEN UP BY INSTITUTIONAL INVESTORS

  • ON JAN 21, CONFIRMS THAT PROCEEDS FROM WILL BE USED FOR DIGITAL INITIATIVES, CONTENT PRODUCTION AND OTHER GENERAL CORPORATE PURPOSES

Source text for Eikon: ID:nPSX7C1dHJ

Further company coverage: ABS.PS

((Reuters.Briefs@thomsonreuters.com;))

This article originally appeared on reuters.com

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