Duterte's close ally, well-known Chinese businessman Dennis Uy, is once again caught in a business dilemma. His holding company, PH Resorts Group Holdings (PHR), is facing multiple crises, not only is the flagship project "Emerald Bay" on Mactan Island in Cebu embroiled in a land dispute, but its ca
The move paves the way for a potential agreement to complete the project.The Philippines.- PH Resorts Group Holdings(PHR) has announced that its parent company, Udenna, has signed a memorandum of understanding (MoU) with local construction firm EEI. It said the MoU provides an avenue for a potential
Philippines-listed PH Resorts Group Holdings Inc says its ultimate parent, Udenna Corp, has signed a memorandum of understanding (MoU) with local construction company EEI Corp, concerning the Emerald Bay Resort and Casino (pictured in a rendering), a stalled project in Mactan, Cebu.“The MoU provides
Philippines-listed PH Resorts Group Holdings Inc, promoter of a stalled casino project, Emerald Bay (pictured in a file photo), in Cebu, says its ultimate parent, Udenna Corp, “has demonstrated that it has the ability and willingness to support the group in its financial obligations”.PH Resorts repo
Philippines-listed PH Resorts Group Holdings Inc has saidthat “restrictions” related to dealings with a previous party for investment in its stalled Emerald Bay casino resort project (pictured in an artist’s rendering) in Mactan, Cebu, are preventing the company from being able to “formalise” matter
/ THE END /
