Businessman Roberto Ongpin is set to auction his stake in electronic gaming technology provider PhilWeb Corp. as a final attempt to save the company, which is struggling to fight closure following the expiration of its license from state-run Philippine Amusement and Gaming Corp. (Pagcor).
In an emergency meeting with PhilWeb shareholders, Ongpin, who quit as chairman last week, announced he would sell his 53.76-percent controlling stake in PhilWeb to the “highest bidder.”
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