Boulevard Holdings Inc. (BHI) said it is filing a third-party complaint to keep its Fridays Resort property from being “illegally” sold at a public auction, warning of losses should the court proceedings drag on.
In a disclosure to the Philippine Stock Exchange on Friday, Jose Panlilio, BHI chairman, said the company recently discovered a notice of public auction for the 1,477-sqm property in Boracay Island has been posted at the lobby of the Hall of Justice of Quezon City.
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