ABS-CBN to raise P6 billion in new equity

WIRE — ABS-CBN CORP. plans to raise P6 billion in new equity through subscriptions from three Lopez family investment companies, IC Holdings Corp., and Lopez, Inc. Crème Investment Corp., Mantes Corp., and Presta Holdings Co., Inc., representing three branches of the Lopez family, have committed to subscribe to a combined P2.2 billion worth of ABS-CBN shares using

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