Premiere Horizon Alliance Corporation (PHA) announces that the company is set to embark in new directions in anticipation of the completion of the sale of its gaming assets. This amounted to a net share to the company of Php527 million.
The Company announces that it has signed an Asset and Share Purchase Agreement with Leisure and Resorts World Corporation (“LRWC”) for the sale of 100% of the shares of Total Gamezone Xtreme Incorporated (TGXI), all TGXI owned and operated PAGCOR E-Games Stations (PEGS), as well as all other PEGS-related peripherals and equipment therein.
In a meeting held on May 20, 2014, the Chairman reported to the Board of Directors the submission of a Letter Offer from Leisure & Resorts World Corporation proposing the acquisition of 100% of the shares of Digiwave Solutions, Inc. (DSI). DSI is 85% owned by the Company and 15% owned by private shareholders.