C03694-2022 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Unclassified Shares | 10,861,125,857 |
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Subject of the Disclosure |
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Acquisition of Property by a Subsidiary of Bloomberry Resorts Corporation (BLOOM) |
Background/Description of the Disclosure |
On 18 May 2022, Bloomberry Resorts Corporation (BLOOM) through a newly incorporated subsidiary “Solaire Entertainment Property Holdings Inc." ("SEPHI") entered into an agreement with a group of landowners comprising Boulevard Holdings Inc., Puerto Azul Land, Inc., Ternate Development Corporation and Monte Sol Development Corporation (the “Sellers”) for the purchase by SEPHI of a total of 2,797,768 square meters of land in the Paniman area in Ternate, Cavite at the average price of Php 2,700 per square meter. SEPHI will buy only titled and cleared land. SEPHI intends to develop the Paniman property into an integrated resort and entertainment complex with a world class casino, hotel, golf course, commercial, residential and mixed use development. This Paniman Project is expected to commence after the Solaire North in Vertis, Quezon City has started its commercial operations. |
Other Relevant Information |
None |
Name | JONAS KHAW |
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Designation | ASSISTANT CORPORATE SECRETARY |