{"id":777011657,"date":"2023-12-05T08:19:01","date_gmt":"2023-12-05T11:19:01","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777011657"},"modified":"2023-12-05T08:19:01","modified_gmt":"2023-12-05T11:19:01","slug":"ph-resorts-in-talks-with-investors-for-stake-sale","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/ph-resorts-in-talks-with-investors-for-stake-sale","title":{"rendered":"PH Resorts in talks with investors for stake sale"},"content":{"rendered":"\n<p>PH Resorts is in discussions over the sale of majority stakes in Lapulapu Leisure and Lapulapu Land.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.-\u00a0<strong>PH Resorts Group Holdings<\/strong>\u00a0says it is in discussions with regarding the potential sale of majority stakes in two subsidiaries. Dennis Uy&#8217;s company has announced that Lapulapu Leisure and Lapulapu Land have signed <strong>a memorandum of understanding (MoU)<\/strong> with <strong>AppleOne Properties<\/strong>.\u00a0<\/p>\n\n\n\n<p>The MoU outlines AppleOne&#8217;s intention to acquire majority equity interests in the subsidiaries or purchase the land and improvements of <strong>the Emerald Bay Project<\/strong>. The IR is situated in Punta Engano, Lapu-Lapu City, Cebu, and has 146 gaming tables, 729 electronic gaming machines (EGMs), 780 hotel room bays and five villas.<\/p>\n\n\n\n<p>The strategic move aligns with\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/ph-resorts-in-talks-with-investors-about-emerald-bay\" target=\"_blank\" rel=\"noreferrer noopener\">PH Resorts&#8217; statement in July<\/a>\u00a0about talks with local and foreign investors to expedite the completion and opening of the Emerald Bay project.\u00a0The non-exclusive nature of the MoU allows PH Resorts to explore discussions with other parties. <\/p>\n\n\n\n<p>PH Resorts recorded a net loss of PHP2.2bn for the nine months ending in September.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PH Resorts is in discussions over the sale of majority stakes in Lapulapu Leisure and Lapulapu Land.<\/p>\n","protected":false},"author":176,"featured_media":18122,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"footnotes":""},"categories":[157,16333],"tags":[22872,23807],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011657"}],"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=777011657"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011657\/revisions"}],"predecessor-version":[{"id":777011664,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011657\/revisions\/777011664"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18122"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}