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March 10, 2021 | 12:04 am Font Size AAA PHILWEB CORP. has acquired 16 electronic bingo (eBingo) outlets and two eBingo machine suppliers, which are expected to expand the portfolio of the gaming service provider. The company told the stock exchange on Tuesday that it executed the deeds of sale for the acquisition of 100% of the total issued capital stocks of the eBingo companies for P450 million and the two accredited eBingo machine suppliers for P280 million. “[PhilWeb’s electronic games business] now has an expanding, two-fold footprint in the whole electronic gaming sector,”...

December 29, 2020 | 12:02 am Font Size PHILSTAR/EDD GUMBAN THE LOCAL bourse on Monday suspended the trading of securities of Manila Electric Co. (Meralco), which earlier announced its unit Meralco PowerGen Corp.’s (MGen) intention to acquire 100% ownership of Global Business Power Corp. (GBP) as the distribution utility has yet to submit the requirements for the substantial acquisition. In a regulatory filing, open-end investment company First Metro Philippine Equity Exchange Traded Fund, Inc. (FMETF) said that the suspension took effect on Monday morning. “The Exchange dee...