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.
Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.
ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264