ABS-CBN

ABS-CBN Holdings Corporation provides Philippine depository receipts (PDRs) relating to ABS-CBN Corporation in the Philippines. The company engages in the issuance of PDRs; performance of obligations under the PDRs; and acquisition and holding of shares of ABS-CBN in respect of PDRs issued. Its PDRs unlocked the share value of ABS-CBN allowing foreigners to participate in a media enterprise whose ownership is constitutionally limited to Filipinos. The company was formerly known as Worldtech Holdings Corporation and changed its name to ABS-CBN Holdings Corporation in September 1999. ABS-CBN Holdings Corporation was incorporated in 1999 and is based in Pasig, the Philippines.