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Holders of its American Depository Receipts have filed a class-action suit in America.
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Gokongwei says international banks charge JG Summit lower interest rates than PLDT, which has global depository receipts traded in New York.
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CANTV's shares plunged: its American Depository Receipts, traded on the New York Stock Exchange, lost almost 40% of their value in two days.
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Elsewhere in the sector JA Solar Holdings and China Sun Energy, both based in China, were also enjoying sizeable gains in the price of their American depository receipts.
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This motif was created by identifying U.S. listed stocks (and ADRs or American Depository Receipts) with women at the helm, and weeding out the ones where female CEOs have been in place less than a year.
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Although no single investor can own more than 10% of an Indian bank, foreign investors as a whole own 65% of ICICI and 48% of HDFC, India's two biggest private banks (if their depository receipts are counted).
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Many multinationals would happily contract with a single bank to collect receipts throughout Europe, for instance, rather than working with a different depository in each country.
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