“Philippine Depositary Receipts (PDRs) are equal to actual ownership.”
Mike Defensor
Claim dated 13 Jul 2020.
Vera Files rated thisFalse
What Vera Files found
Issuing PDRs to foreigners does not grant them actual ownership of a company or corporation. PDRs are not statements nor certificates of ownership of a corporation.
Their words, from the summary they publish with the rating.
In short
Mike Defensor made this claim around 13 July 2020. Vera Files (Philippines) looked into it and published its finding on 28 July 2020, 15 days later. Its rating was “False”.
Where the claim appeared
Links recorded by Vera Files. Some posts may have been deleted since.
This check was done by Vera Files, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.