BUSINESSMAN Dennis Uy's PH Resorts (PHR) Group Holdings Inc. on Monday said that its parent company, Udenna Corp., had executed a memorandum of understanding (MOU) with listed construction firm EEI Corp. regarding a potential partnership in PHR's Emerald Bay Resort and Casino project in Mactan, Cebu.
"The MOU provides an avenue for a potential partnership between EEI and PHR, upon the execution of the definitive agreements and subject to the fulfillment of conditions precedent and regulatory approvals, if any," the company said in a stock exchange filing.
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