HOTEL and leisure investment holding firm Waterfront Philippines Inc.’s board has approved the use of a P1.5-billion credit line from the Philippine Bank of Communications (PBCOM), which will be secured by various assets of the company and its subsidiaries.
PBCOM had previously approved a P1.5-billion credit line for Waterfront Philippines Inc., Waterfront Cebu City Casino Hotel Inc., Waterfront Mactan Casino Hotel, Inc., Davao Insular Hotel, Co., Inc., Pacific Rehouse Corporation and Crisanta Realty Development Corporation.
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