Gregorio Ma. Araneta III is the newly elected chairman of Philweb Corp., following Roberto Ongpin’s resignation in August 2016. Araneta has been an Independent Director of the Company since 2014. He is also engaged to various other business interests in property development and energy, and is Philweb’s second largest shareholder.
Philippine e-bingo operator Palmary Corporation has purchased a 6.78 percent stake in Philweb Corporation and has signed a cooperation agreement with the company to develop its electronic and e-bingo business. On Friday, the company signed a share purchase agreement to purchase 97.3 million shares of PhilWeb Corporation, representing 6.78 percent of the company Speaking about […]
E-games provider PhilWeb Corporation unveiled a new logo on Wednesday, reflecting the company’s license renewal under the leadership of chairman Gregorio “Greggy” Araneta III. “The new logo presents a bold clarity to PhilWeb’s identity – a provider of superior and innovative products with the highest standards of customer service,” said the company in a filing […]
The Philippine Stock Exchange has finally approved the sale of the 653.1 million Philweb shares belonging to founder Roberto Ongpin to Gregorio Araneta III. According to a filing from the company on Friday, a First Tranche sale of 653.1 shares will be sold through a special block sale at the PSE simultaneously with the commencement […]
Philippines-listed Philweb Corp says it has applied for a renewal of its license to operate e-Games cafes, with its executives reportedly meeting with Pagcor officials on Wednesday. According to a filing to the Philippine Stock Exchange, Philweb’s new chairman Gregorio “Greggy” Ma. Araneta III and PhilWeb president Dennis Valdes formally submitted a license renewal application […]
Philweb Corp has appealed to the Securities and Exchange Commission (SEC) to allow the block sale of Roberto Ongpin’s stake to Gregorio Ma. Araneta III ahead of the mandatory tender offering to minority shareholders, the Inquirer reports. In a statement, Philweb president Dennis Valdes said he believes the SEC should allow the block sale of […]
Businessman Roberto Ongpin has reportedly hired RG Manabat & Co., the local arm of global professional services firm KPMG, as the investment advisor for the sale of his 53.76 percent share in Philweb Corp, local media reports. “Among the considerations which I took into account in appointing KPMG is that they are the auditors of […]