ABS-CBN Corp. lost P258.593 million in market capitalization on Monday, as its shares fell by 1.76% at the close of trading after government lawyers asked the Supreme Court to forfeit the company's legislative franchises. Shares of ABS-CBN plunged to P16.70 apiece, down by 30 centavos or 1.76% from P17.00 per share last Friday.
ABS-CBN Corp. lost P258.593 million in market capitalization on Monday, as its shares fell by 1.76% at the close of trading after government lawyers asked the Supreme Court to forfeit the company's legislative franchises.
Shares of ABS-CBN plunged to P16.70 apiece, down by 30 centavos or 1.76% from P17.00 per share last Friday.
In the process, the company lost P258.593 million of its market capitalization to...
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