Bilyonaryo Dennis Uy and other top officers of PH Resorts Group Holdings availed of the Cebu casino’s P756 million follow-on offering.
Uy and four other officers bought a total of P11 million worth of PH Resorts shares at the offer price of P1.68 per share. The 450 million shares were listed on November 5. PH Resorts closed at P2.98 last Friday.
Uy (PH Resorts chairman), Raymond Martin Escalona (president and CEO), and Jose Angel Sueiro (COO) bought 1.5 million shares each while Lara Lorenzana (treasurer and CFO) and Leandro Abarquez (corporate secretary) acquired one million shares each.
PH Resort’s flagship project is the Emerald Bay, an integrated resort and casino development in Mactan, Cebu.