{"id":777015326,"date":"2024-05-08T09:39:23","date_gmt":"2024-05-08T12:39:23","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777015326"},"modified":"2026-04-22T10:29:56","modified_gmt":"2026-04-22T13:29:56","slug":"premium-leisure-corp-nears-delisting-from-philippines-stock-exchange","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/premium-leisure-corp-nears-delisting-from-philippines-stock-exchange","title":{"rendered":"Premium Leisure Corp nears delisting from Philippines Stock Exchange"},"content":{"rendered":"\n<p>Some 19.77 per cent of PLC\u2019s outstanding capital stock has been tendered.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.- <strong>Premium Leisure Corp. (PLC)<\/strong> has announced that 19.77 per cent (6,172,192,242) of its common shares were tendered during its tender offer period. When the sales are settled, <strong>Belle Corp.<\/strong>, its parent company, will own 99.55 per cent of PLC&#8217;s outstanding capital stock, leaving only 0.45 per cent in the public float.<\/p>\n\n\n\n<p>The proposal for a <a href=\"https:\/\/focusgn.com\/asia-pacific\/belle-corp-to-delist-premium-leisure-from-philippine-stock-exchange\" target=\"_blank\" rel=\"noreferrer noopener\">mandatory tender offer<\/a> to facilitate delisting from the Philippine Stock Exchange (PSE) approved by the Board of Directors on March 11.<\/p>\n\n\n\n<p>Premium Leisure earns a share of gaming revenue generated at City of Dreams Manila and has a lottery operation via Pacific Online Systems.\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/premium-leisure-corp-revenue-up-41-in-2023\" target=\"_blank\" rel=\"noreferrer noopener\">Revenue was up 41 per cent year-on-year to PHP2.33bn (US$41.6m)<\/a>\u00a0for\u00a0full\u00a0year 2023. Net income was PHP2.33bn (US$41.6m), up 85 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some 19.77 per cent of PLC\u2019s outstanding capital stock has been tendered.<\/p>\n","protected":false},"author":176,"featured_media":32939,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Premium Leisure Corp. (PLC) has announced that 19.77% of its common shares were tendered, increasing parent company Belle Corp.'s ownership to 99.55% and facilitating PLC's delisting from the Philippine Stock Exchange. PLC, which earns revenue from City of Dreams Manila and operates a lottery via Pacific Online Systems, reported a 41% year-on-year revenue increase to PHP2.33bn (US$41.6m) and an 85% net income increase for full year 2023.","focusai_entities":"Premium Leisure Corp., PLC, Belle Corp., Philippine Stock Exchange, PSE, City of Dreams Manila, Pacific Online Systems","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.9), operator_casino (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Strategic Impact of Delisting?","query":"What are the strategic implications of Belle Corp.'s increased ownership for City of Dreams Manila's future operational strategy and capital allocation?"},{"label":"Access to Capital Markets?","query":"How will PLC's delisting from the PSE impact its access to capital markets for future expansion or debt financing?"}],"footnotes":""},"categories":[157,16333],"tags":[24385],"class_list":["post-777015326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-premium-leisure-corp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015326","targetHints":{"allow":["GET"]}}],"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=777015326"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015326\/revisions"}],"predecessor-version":[{"id":777015329,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015326\/revisions\/777015329"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/32939"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777015326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777015326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777015326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}