DIGIPLUS Interactive Corp. said Monday that its chairman, Eusebio H. Tanco, had increased his shareholdings in the company.
In a regulatory filing, the listed digital entertainment firm said Tanco bought an additional 63.12 million common shares at P16.40 apiece. The acquisition represented about 1.4 percent of the company’s total issued and outstanding shares.
Following the transaction, Tanco now directly owns 10,432,480 shares and indirectly holds 712,615,513 shares.
Tanco said the additional investment reflected his confidence in the company’s growth prospects as it continues to scale up its digital gaming platforms in the Philippines.
“DigiPlus is entering an exciting phase of growth. We have built market-leading platforms anchored on responsible innovation, disciplined execution, and long-term growth,” he said.
He expressed confidence that the company was well positioned to capture opportunities in the expanding digital entertainment industry.
The company noted that it was investing in technology development and user experience enhancements while strengthening its responsible gaming and player protection framework.
DigiPlus shares on Monday advanced P0.60, or 3.73 percent, to close at P16.70 each.