Listed hotel and recreation firm Leisure and Resorts World Corp. (LRWC) has issued P1.65-billion worth of preferred shares to bankroll existing projects in both its hotel casino and office businesses.
In a memorandum posted at the Philippine Stock Exchange, LRWC has sought the PSE’s approval to list P1.65 billion of its preferred shares and corresponding 82.5 million warrants. The board of the PSE approved it later on.
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