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
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