Let me disclose that it was my thinking that LPZ owns some ABS (ABS-CBN Corp) hence the idea of buying ABS cheaper by buying LPZ shares instead came to being. But digging deeper, it appears that LPZ has no ownership in ABS, and that what owns ABS CBN Corp is Lopez Inc. and not Lopez Holdings Corp.
First let's clearly define the three companies mentioned:
1. Lopez Holdings Corporation (LPZ:PM) (formerly Benpres Holdings Corporation) - is a publicly listed holding company incorporated in 1993 by the Lopez family to serve as the holding company for investments in major development sectors such as broadcasting and cable; telecommunications; power generation and distribution; manufacturing and property development.
2. Lopez Inc. - is a private holding company of the Lopez Family which owns 52.6% of Lopez Holdings Corporation.
3. ABS-CBN Corporation (ABS:PM) - is a publicly listed company and the country's largest media conglomerate. It is currently involve in broadcast radio and television as well as cable television (SkyCable, Creative Communications, Inc.), television programming, films, publishing, licensing, and websites
**Note that if you're a retail investor, you can only buy/sell shares of LPZ and ABS but not Lopez Inc.
My concern here is looking at Lopez Holdings Corporation's "portfolio" page in their company website. It says the following:
