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Angel Locsin: Profit from ‘small’ stock in ABS-CBN to be donated to charity

By: - Reporter
/ 03:30 PM February 21, 2020
angel locsin

Angel Locsin. Image: Instagram/@therealangellocsin

MANILA, Philippines — If her investment with media giant ABS-CBN would be used to “discredit” what she stands for amid its impending franchise renewal, actress Angel Locsin said critics should not make it an issue since she would donate whatever it earns to charity.

The actress shared on Instagram a screenshot of a post made by Film Academy of the Philippines (FAP) director-general Vivian Velez showing a list of ABS-CBN’s top stockholders that included Angel Colmenares, Locsin’s real name.

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“Sorry to disappoint some people, but money is not everything. Hindi ko ho alam kung anong intention ni Ms. Vivian sa kanyang post, pero kung ito po ang gagamitin to discredit my name and what I stand for, hindi nyo po kailangang gawing issue,” Locsin wrote as caption.

(Sorry to disappoint some people, but money is not everything. I don’t know what’s the intention of Ms. Vivian in her post, but if it’s to discredit my name and what I stand for, you don’t need to make it an issue.)

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I saw some posts and been reading accusations that were thrown at me for speaking up for what I think is right. Just to clear things up, 1) I am not part of any political party, nor representing any politician. 2) I do not have an existing contract with ABS-CBN. Therefore, the company has no control on whatever I want to post. 3) Sorry to disappoint some people, but money is not everything. Hindi ko ho alam kung anong intention ni Ms. Vivian sa kanyang post, pero kung ito po ang gagamitin to discredit my name and what I stand for, hindi nyo po kailangang gawing issue. Kapag kumita po ang aking maliit na investment sa ABS-CBN, I WILL DONATE EVERYTHING TO CHARITY. Accounted. Again, money is not everything. (For your knowledge, Maliit lang po ito. As in. It’s a privilege offer of the company to some of their employees in installment plan. Mine is payable for 5 years. Wala pa po sa half ang nabayad ko kaya sa understanding ko, HINDI KO PA PO PAGMAMAY-ARI ANG STOCKS na yun.) Nirerespeto ko ho ang opinyon ng lahat. Alam ko na magkakaiba man ng paraan, lahat naman tayo prayoridad ang kapakanan ng mga manggagawa. Yun naman po ang importante. 🙏🏻🙏🏻🙏🏻

A post shared by Angel Locsin (@therealangellocsin) on

Locsin is among celebrities vocal in their support for the renewal of ABS-CBN’s franchise.

In an earlier post, the actress rallied behind employees of the network amid its franchise woes.

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“Kapag kumita po ang aking maliit na investment sa ABS-CBN, I WILL DONATE EVERYTHING TO CHARITY. Accounted. Again, money is not everything,” Locsin emphasized.

(If the little investment I have with ABS-CBN earns, I will donate everything to charity. Accounted. Again, money is not everything.)

Locsin also explained that her “small” investment with the network is “a privilege offer of the company to some of their employees in installment plan.”

“Mine is payable for 5 years. Wala pa po sa half ang nabayad ko kaya sa understanding ko, HINDI KO PA PO PAGMAMAY-ARI ANG STOCKS na ‘yun,” she added.

(Mine is payable for 5 years. I haven’t paid half of it that’s why to my understanding, those stocks are not mine yet.)

Locsin also took the chance to clarify that she is not “part of any political party, nor representing any politician.”

“I do not have an existing contract with ABS-CBN. Therefore, the company has no control on whatever I want to post,” she added.

ABS-CBN’s legislative franchise is set to expire on March 30.

Edited by KGA

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TAGS: ABS-CBN, Angel Locsin, Entertainment, franchise, franchise renewal, local news, Media, nation, national news, news, OSG, Philippine news updates, politics, press freedom, quo warranto, stocks
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