GMA 7 uses peso equivalentshome/Business/Business Columns/GMA 7 uses peso equivalentsIn a general information sheet (GIS) issued in 2019 and still posted on the website of the Philippine Stock Exchange (PSE), GMA Network Inc. reported 12.5 billion as authorized capital stock (ACS). At P0.20 per voting preferred share, 7,499,507,184 voting preferred shares equals P1,499,901,436.80 plus P3,361,047,000 equals P4,860,948,436.80. Gilberto R. Duavit Jr., and Felipe S. Yalong, owned 4,007,005 GMA common shares and 12 preferred shares, for a total of 4,007,017 shares, or 0.08 percent, and 1,025,002 GMA common shares, and six preferred shares, for a total of 1.025,008 preferred shares, or 0.02 percent. Jimenez, 453,882,095 common shares, or 13.49 percent; and Television International, 334,378,037 common shares, or 9.94 percent. The TV network used the peso equivalents instead of the number of common and voting preferred shares and divided the peso equivalents of ownership by outstanding amounts of common and voting preferred shares.

Source: Manila Times June 18, 2019 16:21 UTC