Lance Gokongwei bets P2B on PhilWeb in personal deal

MANILA, Philippines – Lance Gokongwei is making a personal bet on gaming technology, committing over P2 billion to acquire a stake in PhilWeb Corp., separate from his roles at the helm of JG Summit Holdings and Robinsons Land. PhilWeb disclosed on Wednesday that it signed a subscription agreement with Gokongwei for 159.53 million common shares

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