Trading of PhilWeb Corp. shares was suspended by the Philippine Stock Exchange (PSE) on September 8, 2026, after the company announced a
Details of the Acquisition
The suspension took effect at 9 a.m. and will remain until PhilWeb submits a comprehensive disclosure as required by the PSE.
PhilWeb and its subsidiary have agreed to subscribe to a total of 10.73 million Common B Shares of JKS at P394 each.
PhilWeb Corp. Announcement
The shares will be sourced from a proposed increase in JKS' authorized capital stock, pending necessary approvals.
In conjunction with this investment, PhilWeb plans to sell 81.38 million treasury shares to JKS for P1.34 billion, equating to P16.50 per share.
This sale represents approximately 4.85 percent of PhilWeb’s total issued shares.
Implications for PhilWeb and the Market
JKS is recognized as a technology provider for the digital entertainment sector in the Philippines, primarily serving licensed mid-market operators.
The suspension of trading reflects the PSE's regulatory framework aimed at ensuring transparency during significant corporate transactions.
The outcome of this deal may have broader implications for PhilWeb, especially considering the competitive landscape of the gaming technology sector.