Philippine regulator okays Sinophil name change to Premium Entertainment

Sinophil Corporation (SINO), which has interests in resorts, casinos, hotels, horseracing, and landholding operations has received approval from the Philippines Stock Exchange to change its name to Premium Leisure Corp (PLC).
It will trade under its new name and symbol from Wednesday Sept. 17th. PLC will have a market capitalization of 12.8PHP ($290 million).
Belle spun off Sinophil earlier this year into a separately traded unit to hold its gambling businesses. Belle, which is developing the City of Dreams Manila complex with Melco Crown, is now seeking to sell off some of its stake to raise funds and broaden Sinophil’s shareholder base.

Latest Intelligence

Latest issue

PATA CEO sees slow recovery, but optimism for future

AGB Podcasts