Business

PhilWeb makes P4.23-B tech bet

Daily Tribune 5 h

Philippines

PhilWeb makes P4.23-B tech bet — Sources: Daily Tribune

PhilWeb Corp. is investing P4.23 billion in JKS Tech Solutions Inc. to expand its business-to-business technology and digital infrastructure services for licensed digital entertainment operators, in a deal that includes new share subscriptions, capital stock expansion, and a reciprocal P1.34-billion stake for JKS in PhilWeb via treasury shares.

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PhilWeb makes P4.23-B tech bet

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