MANILA, Philippines – Trading of PhilWeb Corp.’s shares was suspended for one hour on Thursday following news of a possible change in control. Gregorio Araneta Inc. (GAINC) announced the sale of its 57-percent stake in the company for ₱1.8 billion.
In a notice, the Philippine Stock Exchange (PSE) stated that the trading suspension would be in effect from 9:30 a.m. to 10:30 a.m.
https://business.inquirer.net/551763/gregorio-araneta-to-exit-philweb-for-p1-8b