Friday, January 28, 2022

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Udenna Corporation raises funds to finance Cebu casino project

Udenna Corporation has sold part of its controlling stake in Phoenix Petroleum Philippines to raise funds for its Lapu-Lapu Leisure Mactan project, as the Duterte administration aims to put Cebu on the Asian gaming map.   Philippines-based trading and shipping firm Udenna Corporation has reportedly raised approximately $80.4m to help fund its plan to build a new integrated casino resort on...

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