MELCO Resorts and Entertainment Philippines Corp. is planning to undergo equity restructuring to entirely wipe out its accumulated deficit.
The listed resort operator told the Philippine Stock Exchange (PSE) on Thursday that its board of directors approved during a special board meeting on Wednesday a restructuring plan involving applying a portion of its additional paid-in capital worth P22.26 billion as of Dec. 31, 2018 to eliminate its P135-million deficit.
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