Acentic: Philweb disposes of stake in German firm Acentic

PHILWEB Corp. on Tuesday said it sold its investment in Acentic GmbH to Niantic Holding GmbH for $750,000 (P37.37 million). The company said it has collected €1.97 million from Acentic, in full settlement of its loan receivables. "Thus, in total, the company will have cash proceeds of approximately P140 million," the company said in its disclosure to [...]