GMA Network Inc. (GMA) has claimed that businessman Ramon S. Ang (RSA) did not accept the deed of absolute sale covering the acquisition of a minority stake in the broadcast giant and instead proposed other terms and conditions to discuss.

In a statement, Angela Javier Cruz, GMA vice president for Corporate Communications said, “On May 18, Buyer [RSA] informed the Major Shareholders that he does not accept the Deed of Absolute Sale, and proposed new matters and terms.”

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