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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. 

PH Resorts tops off Emerald Bay, gets funding pledge

PH Resorts said it has topped off two hotel towers at Emerald Bay Resort on Mactan Island and that it has also got a further funding pledge from parent company Udenna Corp through a share subscription.

PH Resorts nine-month loss widens

PH Resorts said its net loss in the nine months to end September widened to PHP336.4 million from PHP266.0 million a year earlier, primarily due to the ramp up of construction activity for its Emerald Bay resort on Mactan island.

PH Resorts sees breakeven for Emerald Bay in seven years

PH Resorts Group Inc. expects its $465 million Emerald Bay casino in central Philippines to break even within seven years from its opening late next year and for the Philippine gaming industry to surpass pre-pandemic levels by 2022.

PH Resorts asks for voluntary trading suspension

PH Resorts has asked for a voluntary trading suspension of its shares at the Philippine Stock Exchange (PSE) during its follow-on offering. Shares of PH Resorts will be suspended from today through November 5.

PH Resorts sets follow-on offer price at 32.8% discount

PH Resorts Group Holdings, Inc, the Udenna Group’s gaming and hospitality subsidiary, has set the offer price for its follow-on offering of up to 450 million primary common shares at P1.68, a 32.8 percent discount from the top-end of its price range.

PH Resorts moves schedule of offering by two days

PH Resorts Holdings said Tuesday that it moved the timetable for its planned PHP1.1 billion share sale by two days to avoid competing with two big-ticket equity offerings.

PH Resorts’ Emerald Bay moves ahead

PH Resorts Chairman Dennis Uy said the company had reached a “significant milestone” towards the opening of its Emerald Bay integrated resort on Mactan Island after the Securities and Exchange Commission gave pre-effective approval for a P1.12 billion ($23 million) follow on share offer.

PH Resorts revenue collapses in Q2

PH Resorts’ total revenues in the April-June 2020 quarter fell by more than 99.9 percent from the previous year, reaching only PHP12,537 (US$263).The corresponding...

PH Resorts pushing for early opening of Cebu resort

PH Resorts Group Holdings says it is pushing to open its Emerald Bay resort in late 2021, with the full first phase offering then to be available by the second quarter of 2022. 

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