PH Resorts Group to merge with gaming subsidiary

The shareholders of PH Resorts Group have agreed on a merger between the company and its wholly-owned subsidiary PH Travel and Leisure Holdings, with the aim of achieving greater operational efficiency.

PH Travel is the holding company for the gaming and hospitality arm of the Udenna Group, which includes LapuLapu Leisure, Inc., Clark Grand Leisure Corp., and Donatela Hotel Panglao Corp.

PH Resorts Group said the merger will allow the company to achieve greater efficiency and economy in the management and operations of both companies and for the advantage of their stockholders, and that PH Travel, at this point, is a redundant holding company.