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PH Resorts (PHR) negotiates conversion of around 6 Billion-Peso short-term loan to a long-term loan to help weather the storm, at 1.68 a share PHR offers reward that may go up to the moon if PHR weathers storm

PH Resorts Group Holdings, Inc. (PHR) is in the process of raising 756 Million Pesos of fresh capital through a follow-on offering.  Fresh funds will be used to jumpstart construction of PHR’s casino resort in Mactan island, Cebu. PHR is a start-up in the resort and hospitality industry.  As a start-up it needs the fundsContinue reading “PH Resorts (PHR) negotiates conversion of around 6 Billion-Peso short-term loan to a long-term loan to help weather the storm, at 1.68 a share PHR offers reward that may go up to the moon if PHR weathers storm”

Regarding negotiations with CNOOC, PXP’s words are out: “to date there are no disclosable information in respect of such ongoing negotiations, including the existence of such ongoing negotiations itself”

Among the areas in the South China Sea, Reed Bank is the most promising area for oil and gas exploration.  Reed Bank/Recto Bank is said to contain most of the oil and natural gas in the South China Sea. For that, China is not keen on giving their claim to the area without participation inContinue reading “Regarding negotiations with CNOOC, PXP’s words are out: “to date there are no disclosable information in respect of such ongoing negotiations, including the existence of such ongoing negotiations itself””

DITO could end-up as a holding company for significant interests in 3rd telco Dito Telecommunity, Malampaya and South China Sea oil & gas assets, and Chelsea Logistics

The two most recent significant business development in the country are the formation of a third telco to challenge the duopoly and resumption of the exploration and development of the Reed/Recto Bank oil and gas prospects as the Malampaya gas is nearing depletion. The government assembled a sizable spectrum and awarded the same to theContinue reading “DITO could end-up as a holding company for significant interests in 3rd telco Dito Telecommunity, Malampaya and South China Sea oil & gas assets, and Chelsea Logistics”

Chelsea Logistics (C) 25% owner of 3rd telco also faces current debt funding problems

Chelsea Logistics and Infrastructure Holdings Corp. (C) as with other conglomerates is also facing current debt funding problems. Chelsea (C) is a 70% owned subsidiary of Udenna Corporation.  It is primarily engaged in shipping.  It owns several well-known customer facing subsidiaries such as Trans-Asia Shipping, Starlite Ferries, Chelsea Shipping, and the Supercat Fast Ferry Corporation.Continue reading “Chelsea Logistics (C) 25% owner of 3rd telco also faces current debt funding problems”