Horizon Alliance Corp. (PHA) announced the completion of an equity placement with strategic investors involving a 15 percent stake in its tourism development arm, West Palawan Premiere (WPP).
In a disclosure to the Philippine Stock Exchange on Thursday, PHA said the equity placement, valued at P800 million, covers WPP’s current Palawan landholdings, leaving PHA with an 85 percent equity stake in WPP.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.