{"id":31353,"date":"2022-07-01T05:36:25","date_gmt":"2022-07-01T08:36:25","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=31353"},"modified":"2022-07-01T13:02:53","modified_gmt":"2022-07-01T16:02:53","slug":"universal-plans-to-merge-with-26-capital-by-september-30","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/universal-plans-to-merge-with-26-capital-by-september-30","title":{"rendered":"Universal plans to merge with 26 Capital by September 30"},"content":{"rendered":"\n<p>Universal Entertainment Group has extended the deadline to merge with 26 Capital Acquisition Corp.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.-\u00a0<strong>Universal Entertainment Corp<\/strong> has announced that it has extended the June 30 deadline for its merger with 26 Capital Acquisition Corp by three months to gain time to submit risk information in a registration statement with the US Securities and Exchange Commission.\u00a0<\/p>\n\n\n\n<p>The merger is intended to allow Universal to list on the Nasdaq and combine Universal with its Philippine subsidiary Tiger Resorts Asia, which controlled Okada Manila before\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/controversy-surrounds-kazuo-okadas-return-to-okada-manila\" target=\"_blank\">the return of Kazuo Okada<\/a> (the cause of the delay to the merger).<\/p>\n\n\n\n<p>Once the framework conditions are in place, the company hopes to complete the merger before the new deadline of September 30.<\/p>\n\n\n\n<p>Universal Entertainment has announced\u00a0<strong>a formal indictment against Kazuo Okada<\/strong>\u00a0and his associates Antonion Cojuangco and Dindo Espeleta for the violent takeover of the Okada Resort in Manila. The operator had reported that three Philippine banks <a href=\"https:\/\/focusgn.com\/asia-pacific\/universal-says-okada-manila-bank-accounts-frozen\">had frozen accounts<\/a> held by Okada Manila. However, Kazuo Okada&#8217;s group says all financial obligations are being met.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Universal Entertainment Group has extended the deadline to merge with 26 Capital Acquisition Corp.<\/p>\n","protected":false},"author":176,"featured_media":16443,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"footnotes":""},"categories":[163,16333],"tags":[8986,23686],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31353"}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=31353"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31353\/revisions"}],"predecessor-version":[{"id":31366,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31353\/revisions\/31366"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16443"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=31353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}