Co family’s P2-B paper loss in Da Vinci

If you happen to be a neophyte investor in stocks listed on the Philippine Stock Exchange (PSE), you may find it difficult to decipher the ownership of the companies in which you place your money. The difficulty lies in perusing the layers and layers of ownerships when the beneficial owner or owners should have been identified at the earliest

For instance, a public ownership report (POR) as of June 30, 2015 listed Invescap Inc. as an indirect holder of 956.2 million shares, or 85 percent, in Da Vinci Capital Holdings Inc. Said controlling ownership leaves the public with 168.8 million shares, or 15 percent.