Sunday, December 5, 2021

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Udenna ups stake in PH Resorts to 86.59%

Udenna Corp. now holds 86.59 percent of PH Resorts following the issue of new shares. Prior to the transaction, the company owned 82.28 percent. The funds will be used to help finance the development of PH Resort's flagship project, the Emerald Bay Resort. 

Udenna plans to raise P18.5 billion to fund casino projects

Philippine H2O Ventures Corp, a subsidiary of Udenna Corp, says it is planning to raise P18.5 billion in capital in order to fund its...

Udenna to shift hotel/casino assets to listed unit

Privately owned Udenna Corp is planning to shift its hotel and casino assets into a listed unit as it pushes further into the tourism sector in the Philippines.  

Udenna to spend $5b on Clark development

The Udenna Group plans to invest ups to $5 billion over the next ten years on Clark Global City, which will include a casino and entertainment complex, local media reported Chairman and CEO Dennis Uy as saying.

Udenna mulls IPO for Cebu project

Udenna Corp hopes to begin construction of a resort on Cebu soon and is considering an initial public offering, or backdoor listing, to fund...

Udenna Corp.

Udenna to secure funding, development starts soon

The Udenna Group, developer of the Lapu-Lapu Leisure Mactan integrated resort, is set to complete the funding requirements needed for development, Business World reports. “The...

Udenna sells oil business stake to raise $80m for Mactan casino

Udenna Group has sold a 25 percent stake in listed oil company Phoenix Petroleum Philippines to raise P4 billion (US$80 million) to help finance...

Udenna gets license to build $300 mln resort in Cebu

Philippines’ Udenna Corp has secured a provisional license to build a US$300 million integrated resort casino in central Philippines, local media reports. The country’s gaming...

PH Resorts gets approval to suspend Clark license, says no impact on group finance

PH Resorts said it has received approval from the Philippines Amusement and Gaming Corp. (PAGCOR) to temporarily suspend its license for an integrated resort...