GREGORIO Araneta, Inc. (GA, Inc.) has officially acquired listed technology services provider PhilWeb Corp. (WEB) after businessman Roberto Ongpin completed the sale of 118.5 million shares priced at P2.60 each.
In a disclosure to the Philippine Stock Exchange (PSE) on Friday, PhilWeb said the transaction marks the second and final tranche of the sale of Ongpin’s full holdings, following the first tranche of over 635 million shares last May 22, 2017.
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