PhilWeb Corporation acquired NDM BINGO CENTER MIRAMAR INC. from Palmary Corporation, Stacey Reyes Lato, Sy Pierre Watson S. Lato, Perry Weinne S. Lato, Kelvin John F. Alibarbar and Charmaine Nicolette Alibarbar for PHP 21 million.
March 07, 2021
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PhilWeb Corporation (PSE:WEB) executed deed of sale to acquire NDM BINGO CENTER MIRAMAR INC. from Palmary Corporation, Stacey Reyes Lato, Sy Pierre Watson S. Lato, Perry Weinne S. Lato, Kelvin John F. Alibarbar and Charmaine Nicolette Alibarbar for PHP 21 million on March 8, 2021. As per the transaction, consideration is payable in cash on execution of the deed of sale. Palmary Corporation currently holds 4.4 million shares, Stacey Reyes Lato 0.05 million shares, Sy Pierre Watson S. Lato 0.05 million shares, Perry Weinne S. Lato 0.05 million shares, Kelvin John F. Alibarbar 0.45 million shares and Charmaine Nicolette Alibarbar 0.05 million shares in NDM BINGO CENTER MIRAMAR INC. In related transactions, PhilWeb Corporation executed deeds of sale for the acquisition of 100% of the total issued capital stocks of other 15 electronic bingo companies. The combined deal value for NDM BINGO CENTER MIRAMAR INC. and other 15 electronic bingo companies is PHP 450 million and deal value for 2 accredited electronic bingo machine supplier companies is PHP 280 million. The transaction is approved by board of directors of PhilWeb Corporation.
PhilWeb Corporation (PSE:WEB) completed the acquisition of NDM BINGO CENTER MIRAMAR INC. from Palmary Corporation, Stacey Reyes Lato, Sy Pierre Watson S. Lato, Perry Weinne S. Lato, Kelvin John F. Alibarbar and Charmaine Nicolette Alibarbar on March 8, 2021.
PhilWeb Corporation is a Philippines-based company, which is engaged in developing, designing, building, operating, and managing gaming systems, applications, and operating platforms and facilities. It also manages online system computer systems, terminals, servers, and routers together with interconnecting and interlinking the telecommunications systems. The Company's subsidiaries include PhilWeb Casino Corporation, XO Corporation, PhilWeb Asia-Pacific Corporation, Premyo Sa Resibo, Inc., BigGame, Inc., PhilWeb International Gaming Corporation, PhilWeb Leisure & Tourism Corporation, PhilWeb Mobile Lottery Corporation, NDM Bingo Center 7, Inc., NDM Bingo Center 1, Inc., NDM Bingo CenterTomas Morato, Inc., NDM Bingo Center Visayas, Inc., PhilWeb Tourism & Entertainment Corporation, PhilWeb Software Corporation, PhilWeb Celebrity Corporation, PhilWeb Convergence Corporation, PhilWeb Cyberworld Corporation, and others.
PhilWeb Corporation acquired NDM BINGO CENTER MIRAMAR INC. from Palmary Corporation, Stacey Reyes Lato, Sy Pierre Watson S. Lato, Perry Weinne S. Lato, Kelvin John F. Alibarbar and Charmaine Nicolette Alibarbar for PHP 21 million.
PHILWEB CORPORATION 
