ABS-CBN Holdings Corporation (ABSOF)

Overview

ABS-CBN Holdings Corporation, a key player in the Philippine media industry, specializes in issuing Philippine Depositary Receipts (PDRs). Initially founded as Worldtech Holdings Corporation, the company underwent a significant rebranding to its current name in September 1999. It functions under the corporate umbrella of Lopez, Inc., indicating its affiliation with one of the country’s influential conglomerates. The principal activities of ABS-CBN Holdings Corporation focus on the issuance of PDRs and fulfilling obligations tied to these financial instruments. Furthermore, it actively engages in the acquisition and holding of ABS-CBN Corporation shares relating to the PDRs it issues. With its headquarters in Mandaluyong City, Philippines, ABS-CBN Holdings has established itself as a pivotal entity within the local media landscape since its incorporation in 1999.

Products and Services

• Philippine Depositary Receipts (PDRs)

  ABS-CBN Holdings Corporation issues PDRs, which are financial instruments that allow investors to participate in the earnings of ABS-CBN Corporation without owning the company's shares directly. These instruments provide a unique investment opportunity, especially for those looking to invest in the media sector of the Philippines.

• Performance of Obligations under PDRs

  The company takes on the role of managing and fulfilling the obligations that arise from the PDRs issued. This encompasses a variety of tasks, including the distribution of earnings and ensuring compliance with regulatory requirements, thereby securing the interests of PDR holders.

• Acquisition and Holding of ABS-CBN Corporation Shares

  In respect of the PDRs issued, ABS-CBN Holdings Corporation is also involved in the acquisition and holding of ABS-CBN Corporation shares. This strategic move supports the foundation of the PDRs, ensuring that they are backed by the actual shares of ABS-CBN, thereby adding a layer of security and stability for investors.