{"id":777038660,"date":"2026-03-03T10:26:15","date_gmt":"2026-03-03T13:26:15","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777038660"},"modified":"2026-04-21T13:53:44","modified_gmt":"2026-04-21T16:53:44","slug":"philweb-announces-ownership-change-after-management-buyout","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/philweb-announces-ownership-change-after-management-buyout","title":{"rendered":"Philweb announces ownership change following management buyout"},"content":{"rendered":"\n

In December, members of PhilWeb\u2019s board stepped down and were succeeded by nominees of the buyers.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- gaming technology provider PhilWeb<\/strong> Corp<\/strong> has announced a change in ownership following an internal buyout. In a filing with the Philippine Stock Exchange <\/strong>on Tuesday, March 3<\/strong>, the company disclosed that Crisanto Roy Alcid,<\/strong> through Nexora Holdings Inc<\/strong>, is now the beneficial owner following the transfer of a second tranche of shares on February 25<\/strong>.<\/p>\n\n\n\n

The deal was first announced in October<\/strong>, when PhilWeb revealed that Gregorio Araneta Inc<\/strong>, its previous owner, agreed to sell all its shares in the company for PHP1.80bn<\/strong> (US$30.9m), equivalent to 829.57 million common shares<\/strong> at PHP2.17 each.<\/p>\n\n\n\n

The first tranche involved the transfer of just over 488.16 million shares<\/strong>, accounting for around 34 per cent of the company\u2019s outstanding stock, to Nexora. The second tranche comprised around 341.41 million shares<\/strong>, or nearly 23.8 per cent of PhilWeb\u2019s outstanding stock, which were allocated to Nexora and Velora.<\/p>\n\n\n\n

Ahead of the deal\u2019s completion, several leadership changes were implemented as part of the transition process. In December, members of PhilWeb\u2019s board stepped down and were succeeded by nominees of the buyers. Crisanto Roy Alcid assumed the role of chairman of PhilWeb Corp, having previously served as vice chairman and director. Edgar Brian Ng<\/strong>, who serves as president and director of PhilWeb Corp as well as president, chairman and director of Nexora, retained his roles.<\/p>\n\n\n\n

As part of the transaction, the acquiring parties initiated a mandatory tender offer to the remaining PhilWeb shareholders. The offer closed in mid-February with no shares tendered.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> SJM Resorts is latest Macau casino operator to confirm extension of paid parental leave<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

In December, members of PhilWeb\u2019s board stepped down and were succeeded by nominees of the buyers.<\/p>\n","protected":false},"author":2395,"featured_media":2822,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"PhilWeb Corp, a Philippine gaming technology provider, has completed an internal buyout, with Crisanto Roy Alcid, through Nexora Holdings Inc and Velora, becoming the beneficial owner. The PHP1.80bn (US$30.9m) transaction, involving two tranches of share transfers from Gregorio Araneta Inc, led to significant board and leadership changes. A subsequent mandatory tender offer to remaining shareholders closed with no shares tendered.","focusai_entities":"PhilWeb Corp, Crisanto Roy Alcid, Nexora Holdings Inc, Gregorio Araneta Inc, Velora, Edgar Brian Ng","focusai_location":"The Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.9), operator_casino (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"PhilWeb Strategic Impact?","query":"What are the strategic implications of Nexora Holdings' full acquisition of PhilWeb for its B2B licensing and operational footprint in the Philippines' gaming verticals?"},{"label":"New Leadership Influence?","query":"How might the new ownership structure and leadership under Crisanto Roy Alcid influence PhilWeb's product development roadmap and market positioning within the gaming verticals it serves?"}],"footnotes":""},"categories":[157,16338],"tags":[29],"class_list":["post-777038660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777038660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2395"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777038660"}],"version-history":[{"count":7,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777038660\/revisions"}],"predecessor-version":[{"id":777038674,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777038660\/revisions\/777038674"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2822"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777038660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777038660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777038660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}