Roberto Ongpin Sells Remaining Stake in WEB to Gregorio Araneta

Makati—(PHStocks)—Today, June 2, 2017, Roberto V. Ongpin sold 118,500,000 shares of PhilWeb Corp. (PSE: WEB) to Gregorio Araneta Inc. (GA) at a price of PhP2.60 per share. The transaction marks the second and final tranche of the sale of Ongpin’s full holdings in WEB to GA, following closely on the first tranche of 653,151,896 WEB […]
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Court of Appeals Restrains SEC on Ongpin Case

Manila—(PHStocks)—The Court of Appeals, acting on the petition of Roberto V. Ongpin, chairman and CEO of Atok-Big Wedge Co. Inc. (PSE: AB), has issued a restraining order to the SEC from enforcing its en banc decision on the 2009 Philex insider trading case. In its ruling, the Court of Appeals said: “The petition raised substantial issues on what […]
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Alphaland’s Ongpin Debunks Ashmore Statement

Makati—(PHStocks)—Roberto V. Ongpin, Chairman of Alphaland Corp. (PSE: ALPHA), debunked Ashmore’s latest statement. Reacting to Ashmore’s statement that Ashmore’s sale of 49.608 million shares to Credit Suisse in December 2012 consisting of 2.5%, in order to comply with the minimum public float requirement of the Philippine Stock Exchange (PSE), Ongpin pointed out that Alphaland had never […]
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