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BRIEF-Philweb Corp sold its investment in Acentic GMBH to Niantic Holding GMBH
January 3, 2017 / 1:14 AM / 9 months ago

BRIEF-Philweb Corp sold its investment in Acentic GMBH to Niantic Holding GMBH

Jan 3 (Reuters) - Philweb Corp

* Sold its investment in Acentic GMBH to Niantic Holding GMBH for US$750,000

* Co has also collected the sum of 2 million euros from acentic, in full settlement of its loan receivables

* Says in total, the company will have cash proceeds of approximately 140 million pesos

* Proceeds will be utilized to cover its overhead while it awaits the reissuance of its license from pagcor Source text for Eikon: Further company coverage:

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