Lance Y. Gokongwei
MANILA, Philippines – Lance Gokongwei, president and CEO of JG Summit Holdings and chair of Robinsons Land, is set to acquire up to a 15-percent stake in listed gaming technology firm PhilWeb Corp. through a P2.03-billion share subscription deal.
In a disclosure on Wednesday, PhilWeb said it entered into a subscription agreement with Gokongwei, acting in his personal capacity, for the subscription of 159.53 million common shares and 93.84 million redeemable preferred shares at a price of P8 apiece.
READ: PhilWeb board reshuffle follows Araneta exit after share sale
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