Such is the reality in owning companies that have shares listed on the Philippine Stock Exchange (PSE). Yet no one among the public will ever know which among the unlisted subsidiaries contributes more to the parents’ consolidated financial filings. If such subsidiaries are also listed, won’t it be more profitable for public investors to directly trade the subsidiaries’ listed stocks? By the way, more often than not, voting preferred shares are issued to the owners while the public has to content itself with investing in no-voting preferred shares. To add to his observation, it is only the PSE that allows the pricing of voting preferred shares much lower than non-voting preferred shares.

Source: Manila Times February 18, 2018 16:23 UTC