Its really their for
the taking!
The shares of GMA Network
Inc, skyrocketed on the first trading day after the decision of the House to kill
the renewal of the application of the Lopez-owned ABS-CBN corporation.
Finally, after years
of being second to the Kapamilya network, GMA is now the undisputed number 1
broadcast station in the country.
 |
| (photo credit to owner) |
The value of its
stock surge by as much as 41 percent to P8.50 in early trading after closing at
P6.03 on Friday (July 10), where a total P410 million worth of GMA shares were
traded just after an hour of trading.
Last week the Lopez controlled
ABS-CBN Corporation failed to hurdle Congress’ scrutiny for a fresh 25 year
legislative franchise.
Final vote was 70-11,
an overwhelming rejection for a new franchise based on some legal violations
committed by the station.
Here's a list of the
11 lawmakers who voted for ABS-CBN to return on air.
·
Bienvenido Abante Jr, Manila 6th District
·
Carlos Isagani Zarate, Bayan Muna
party-list
·
Christopher De Venecia, Pangasinan 4th
District
·
Edward Vera Perez Maceda, Manila 4th
District
·
Gabriel Bordado Jr, Camarines Sur 3rd District
·
Jose "Ping-Ping" Tejada, North
Cotabato 3rd District
·
Lianda Bolilia, Batangas 4th District
·
Mujiv Hataman, Basilan
·
Sol Aragones, Laguna 3rd District
·
Stella Luz Quimbo, Marikina 2nd District
·
Vilma Santos-Recto, Batangas 6th District
What
can you say about this?
Share us your thoughts by simply leaving on the
comment section below. For more news updates, feel free to visit our site
often.
Stay
updated with today's relevant news and trends by hitting the LIKE button.
Thanks
for dropping by and reading this post.
Report from Bilyonaryo
Disclaimer:
Contributed articles does not reflect the view of THE PH CHRONICLES. This website cannot
guarantee the legitimacy of some of the information contributed to us. You may
do additional research if you find some information doubtful. No part of this
article maybe reproduced without permission from this website.
0 Comments