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                    [ArticleID] => 359868
                    [Title] => Philweb to acquire additional ISM Communications shares
                    [Summary] => Information technology and online gaming firm Philweb Corp. has agreed to acquire the 10.9-percent stake held by Hong Kong-based Softbank Investment International (Strategic) Ltd. in ISM Communications Corp. for $1.43 million.


In a disclosure to the Philippine Stock Exchange, Philweb said it would acquire 2.29 billion shares in ISM, payable in four equal tranches every three months from the date of the agreement.


With the acquisition, Philweb’s ownership in ISM will increase to 40 percent.


                    [DatePublished] => 2006-09-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
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SOFTBANK INVESTMENT INTERNATIONAL

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                    [ArticleID] => 359868
                    [Title] => Philweb to acquire additional ISM Communications shares
                    [Summary] => Information technology and online gaming firm Philweb Corp. has agreed to acquire the 10.9-percent stake held by Hong Kong-based Softbank Investment International (Strategic) Ltd. in ISM Communications Corp. for $1.43 million.


In a disclosure to the Philippine Stock Exchange, Philweb said it would acquire 2.29 billion shares in ISM, payable in four equal tranches every three months from the date of the agreement.


With the acquisition, Philweb’s ownership in ISM will increase to 40 percent.


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                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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abtest

Philweb to acquire additional ISM Communications shares

By Zinnia B. Dela Peña | September 26, 2006 - 12:00am

Information technology and online gaming firm Philweb Corp. has agreed to acquire the 10.9-percent stake held by Hong Kong-based Softbank Investment International (Strategic) Ltd. in ISM Communications Corp. for...

Business