Belle Corporation (PSE:BEL) made an offer to acquire remaining 20.22% stake in Premium Leisure Corp. (PSE:PLC) on March 11, 2024. the Tender Offer Price has been set at PHP 0.85 per share. The Tender Offer Period was set from March 22, 2024 to April 24, 2024. The transaction was approved by the Board of Directors of Belle Corporation. First Metro Investment Corporation acted as fairness opinion provider for Belle Corporation. BDO Securities Corporation acted as transfer agent to Premium Leisure.
Belle Corporation (PSE:BEL) completed the acquisition of 19.77% stake in Premium Leisure Corp. (PSE:PLC) on April 24, 2024.