Greggy Araneta new Philweb chair | Inquirer Business

Greggy Araneta new Philweb chair

/ 02:33 PM September 19, 2016

GAMING technology service provider Philweb Corp. has named Gregorio “Greggy” Ma. Araneta III, son-in-law of the late strongman Ferdinand Marcos and a board member in the last two years, as its new chair.

Araneta was elected to take the place of businessman Roberto Ongpin who had resigned as chair last month after finding himself “struck by lightning,” having been named by Pres. Rodrigo Duterte as an “oligarch” whom he would bring down.


In a disclosure to the Philippine Stock Exchange on Monday, Philweb said Araneta was the second largest shareholder of the company and has been a director for a number of years.

“In addition to his investment in the company, Mr. Araneta has various other business interests
in property development and energy,” the disclosure said.


Araneta has been an independent director of Philweb since May 2014. He has around 13 million common shares of Philweb under his name equivalent to a 0.91 percent stake, making him one of the largest individual shareholders in the company./rga

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Greggy Araneta, Gregorio Ma. Araneta III, Philweb, Roberto V. Ongpin, WEB
For feedback, complaints, or inquiries, contact us.

Curated business news

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.

© Copyright 1997-2021 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.