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DigiPlus: Internal funds sufficient for IEC deal
Business World Philippines
|November 21, 2025
DIGIPLUS Interactive Corp., the listed digital entertainment firm behind BingoPlus, ArenaPlus, and GameZone, said it intends to use internal funds for its potential controlling stake acquisition of Hong Kong-listed International Entertainment Corp. (IEC), while remaining open to short-term financing if necessary.
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“We do expect that we have sufficient internal funds, but if we need it, we can also explore some short-term financing.” DigiPlus President Tsui Kin Ming told reporters on Wednesday.
Earlier this week, DigiPlus Chairman Eusebio H. Tanco said the company signed a convertible notes agreement granting it the rights to acquire a controlling stake in IEC, the owner and operator of New Coast Hotel Manila, an integrated hotel and casino complex.
The subscription for convertible notes totals HK$L.6 billion (around P12 billion) and will be issued in two tranches. The first tranche, worth HK$800 million, will be completed upon satisfaction of customary conditions, while the second tranche will follow within three months, subject to mutually agreed terms.
Cette histoire est tirée de l'édition November 21, 2025 de Business World Philippines.
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