PRNewsWire
24 Jun 2026, 00:00 UTC · 3h ago
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PhilWeb Corporation has entered into a definitive agreement for a ₱2.02 billion strategic equity investment from Lance Y. Gokongwei. — A significant capital injection from a prominent business leader provides both a strong financial cushion and a powerful institutional endorsement of the company's value.
+0.80PhilWeb will use the investment proceeds to accelerate its transformation into an AI-enabled technology infrastructure company for the regulated digital entertainment sector. — Shifting toward a scalable AI-driven B2B model typically expands a company's addressable market and improves operational efficiency.
+0.50The investment will be facilitated by increasing the company's Authorized Capital Stock from ₱2.6 billion to ₱3.6 billion. — While the capital is positive, increasing authorized shares can lead to equity dilution for existing shareholders.
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The company secured a ₱2.02 billion strategic investment to accelerate its AI-driven technology expansion.
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Reuters
50m ago
