PH Resorts enters debt restructuring deal to save Emerald Bay

PH Resorts, the developer of the Emerald Bay project in Cebu, has now entered into a MOU with Cebu-based property developer AppleOne Properties for a majority interest in its Emerald Bay project.

The company, after months of debate, has now officially announced that AppleOne will be acquiring "at least a majority of the equity interest" in subsidiaries of the company which are linked to the project.
The move allows PH Resorts to pay its funds owed to China Banking Corp. and retains its rights to use and construct the Emerald Bay project.

Restructuring Latest news PH Resorts Emerald Bay Resort

Accelerating currency drop of renminbi pressures Macau tourism market
_2025-01-07UN report reveals growing presence of organized crime in pacific islands casino projects
_2025-01-06Macau GGR to grow 8% in 2025, backed by increasing travel spending: Goldman Sachs
_2025-01-03The overnight disappearance of 8XBet: a brand shrouded in controversy
_2025-01-02Macau’s gaming industry on track for strong 2025 kickoff: Citigroup
_2025-01-02China's president urges Macau to continue diversification drive away from gaming
_2024-12-20

Open in new window
View settings