Page 9 - பிலிப்பைன் ஸ்டாக் பரிமாற்றம் ஆன் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By TED CORDERO, GMA News Published February 23, 2021 11:26am Gokongwei-led conglomerate JG Summit Holdings Inc. has acquired a stake in South Africa-based digital bank Tyme, which is eyeing markets in developing economies particularly in Southeast Asia. In a disclosure to the Philippine Stock Exchange on Tuesday, JG Summit said it has taken part in an estimated P5.3-billion or $110-million investment in Tyme, along with Apis Growth Fund II, a private equity fund managed by Apis Partners LLP, and South African investment holdings company African Rainbow Capital (ARC). Tyme, whose international management arm, TymeGlobal, is headquartered in Singapore, is considered as one of the world’s leading digital banking networks for emerging markets and is majority owned by ARC.

South africaNorthern samarSouth africanBangko sentralLance gokongweiApis growth fundJg summit petrochemical corporationJg summit holdings incApis partnersRobinsons bankCebu pacificGokongwei groupPhilippine stock exchange onRobina corporationSouth africa basedPhilippine stock exchange