BLOOMBERRY Resorts Corp. has called off a planned deal with PH Resorts Group unit PH Travel and Leisure Holdings Corp. (PHTLC) following the completion of a due diligence review.
"In a resolution of the board of directors of Bloomberry on March 22, 2023, the company has decided to terminate the Term Sheet with PHTLC dated May 6, 2022 relating to the investment in Lapu-Lapu Leisure Inc. and Clark Grand Leisure Corp. after considering the results of due diligence on the target companies and the projects," the company said.
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