Board OK’s Follow-on Offering of PH Resorts Shares

The Board of Directors of PH Resorts Group Holdings Inc. (PSE: PHR), on 19 June 2020, has approved to accept subscriptions to a follow-on offering of up to 300,000,000 common shares, with an over-allotment option of up to 150,000,000 common shares out of the unsubscribed portion of the corporation’s authorized capital stock at the price of P1.00 to P2.50 per share in favor of the general public.

These offer shares shall be subject to compliance with existing laws and the rules and regulations and approval by the Securities and Exchange Commission and the Philippine Stock Exchange (PSE).

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