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Premiere Horizon Alliance exercises put option right to sell shares to investor

Premiere Horizon Alliance [PHA 1.21 6.92%], owned (?) by Marvin Dela Cruz and his group of SquidPay shareholders, signed an option agreement back in July that gives PHA the right to sell a bunch of shares to LDA Capital Limited (LDA), a lender specialized in distressed debt/equity arrangements. The notice issued by PHA is the first step in a series of … Continue reading Premiere Horizon Alliance exercises put option right to sell shares to investor

LDA Capital and existing creditors back Premiere Horizon’s growth strategy through a PHP 2.8 billion funding commitment and debt reduction

PASIG CITY, Philippines, July 22, 2021 /PRNewswire/ — Premiere Horizon Alliance Corporation (PHA), listed on the Philippine Stock Exchange (PHA:PM), is pleased to announce it has entered into a Put Option Agreement (POA) with LDA Capital (LDA) for up to PHP 2,800,000,000 in committed equity over the next thirty-six months. LDA’s investment will help accelerate PHA’s expansion projects focused on … Continue reading LDA Capital and existing creditors back Premiere Horizon’s growth strategy through a PHP 2.8 billion funding commitment and debt reduction

LDA Capital and existing creditors back Premiere Horizon’s growth strategy through a PHP 2.8 billion funding commitment and debt reduction

PASIG CITY, Philippines, July 22, 2021 /PRNewswire/ — Premiere Horizon Alliance Corporation (PHA), listed on the Philippine Stock Exchange (PHA:PM), is pleased to announce it has entered into a Put Option Agreement (POA) with LDA Capital (LDA) for up to PHP 2,800,000,000 in committed equity over the next thirty-six months. LDA’s investment will help accelerate PHA’s expansion projects focused on … Continue reading LDA Capital and existing creditors back Premiere Horizon’s growth strategy through a PHP 2.8 billion funding commitment and debt reduction

Premiere Horizon cuts net loss in Q1 on strong real estate sales

Premier Horizon Alliance Corp. trimmed its net loss by 68.5 percent to P12.39 million in the first quarter on the back of robust real estate sales and belt-tightening measures implemented to survive the pandemic. Revenues jumped by 68.7 percent to P102.84 million. Bulk of the total came from real estate sales, which accounted for P93.12 … Continue reading Premiere Horizon cuts net loss in Q1 on strong real estate sales

Premiere Horizon set for inclusion in global equity index

PREMIERE Horizon Alliance Corp. is set to be added to a regional equity index series for companies with small market capitalization beginning March 19, 2021, the investment holding company told the stock exchange on Monday. It said the inclusion into the FTSE Global Equity Index Series for Asia-Pacific, excluding Japan and China, on the FTSE … Continue reading Premiere Horizon set for inclusion in global equity index

Premiere Horizon receives third initial payment for stake sold to SquidPay

PREMIERE Horizon Alliance Corp. has received the third preliminary payment worth P100 million from fintech (financial technology) firm SquidPay Technology, Inc. On Wednesday, Premiere Horizon disclosed to the exchange that payments for the initial cash investment of P300 million for 55% of the company’s ownership had been completed by an investor group led by businessman … Continue reading Premiere Horizon receives third initial payment for stake sold to SquidPay