Publicly-listed Philippine H2O Ventures Corp. has changed its name to PH Resorts Group Holdings to reflect the shift of its primary business to hotel and/or gaming and entertainment. The changes were announced during the firm’s annual stockholders’ meet on Monday.
PH Resorts will house the tourism-related businesses of the Udenna Group. Its portfolio will include two integrated resort and casino projects, one in Mactan, Cebu as well as another one in Udenna’s Clark Global City in Angeles, Pampanga.
“As we foray deeper into the tourism sector, we hope to usher in a new era of growth for our shareholders,” Udenna founder and chairman Dennis A. Uy said.
“At the same time, we look forward to supporting the development of the tourism sector, which serves as one of our economy’s growth pillars,” added Uy, who was elected chairman to the Company’s board of directors.
Joining Uy on the board are Raymundo Martin Escalona (president); Jose Angel Sueiro (chief operating officer); Cherylyn C. Uy (treasurer); and, Lara C. Lorenzana (chief financial officer). Eric Recto and William Yap were appointed as independent directors.
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