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Investegate |Polarean Imaging PLC Announcements | Polarean Imaging PLC: Proposed Placing, Subscription and Open Offer
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Investegate |Begbies Traynor Announcements | Begbies Traynor: Proposed Acquisition & Fundraising
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March 10, 2021 | 12:04 am Font Size
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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,” the company said.
It said the companies were acquired from the Palmary Group. It also said the deeds of sale were done on March 8.
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Consultancy for Agri-Enterprise Development Training for Project and Field Officers
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