Who are the celebrities included in the ABS-CBN Top 100 stockholders

Who are the celebrities included in the ABS-CBN Top 100 stockholders

We all know that ABS-CBN is a Lopez owned media outfit, but since it is also incorporated it has its own stockholders who have bought the shares of the company.

Now that ABS-CBN’s franchise renewal is in crisis, the first to be hit by its non renewal are the stockholders as evidenced by the downturn trend of the value of the ABS-CBN shares in the stock market.

For purposes of informing the public, a lot of celebrities have invested in ABS-CBN so they are also the ones who will also lose a lot of money if the franchise is not renewed.

Jose Mari Chan, Noli De Castro, Angel Locsin, and Daniel Padilla
(photo credit to esquire ph)

Some of the network’s big stars are also among the top 100 stockholders, according to the disclosure on the Lopez Holdings Corporation website dated March 31, 2019.

Below are some simple terminologies with their respective definitions:

A stockholder - is an owner of one of more shares of a corporation’s capital stock, stockholders are considered separate from the corporation. As such, they have limited liability in terms of the corporation’s obligations. (As per accountingcoach.com)

A stock - is a type of security that signifies proportionate ownership in the issuing corporation. It entitles a stockholder to a certain proportion of a corporation’s assets and earnings. (Investopedia)

"Stocks are bought and sold predominantly on stock exchanges, though there can be private sales as well, and are the foundation of nearly every portfolio. These transactions have to conform to government regulations which are meant to protect investors from fraudulent practices," states Investopedia.

On the list of ABS-CBN Corporation’s Top 100 Stockholders :

9th - businessman and musician Jose Mari Chan, owns 1,257,130 shares of ABS-CBN Corporation. At P16.56 per share, this translates to P20,818,072.80 ;

13th - ABS-CBN Corporation’s chairman, Carlo Lopez Katigbak;

14th - chief operating officer Ma. Socoro “Cory” Vidanes;

16th - Director Lauren Dyogi;

20th – Olivia Lamasan;

25th - Former vice president and now TV Patrol anchor Noli De Castro ;

26th -  Quezon City Mayor Joy Belmonte and her father who is former Speaker of the House Feliciano Belmonte, Jr.;

29th - Angel Locsin, listed with her legal name Angel Colmenares;

54th -Daniel John E. Ford, more commonly known as Daniel Padilla;

55th - Phylbert Angellie Ranollo or Bea Alonzo;

64th - Former Kapamilya contract star Kris Aquino; and

Significant investments have also been made by Ice Seguerra (76), Vic Sotto (77), Angelica Panganiban (79), John Estrada (88), and Kim Chiu (96).

The ABS-CBN franchise is set to expire on March 30, 2020.

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Report from esquire

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