Legitimate owners take over Subic park

SUBIC BAY FREEPORT ZONE: The founding owners and majority stockholders of Subic Bay Marine Exploratorium Inc. (SBMEI), which runs Ocean Adventure and Camayan Beach Resort here, said there was nothing illegal in the repossession of the property they initiated and the subsequent removal of the company’s former executive.

“What took place on February 13 was a lawful exercise of our property rights,” said Scott Sharpe, who with Gail Laule, were two of the original investors and pioneering executives of Ocean Adventure, Southeast Asia’s premier open water marine park, and the Camayan Beach Resort property located at the Camayan Wharf inside the Subic Bay freeport.