MANILA  -Tycoon Enrique Razon Jr.'s Bloomberry Resorts Corp. is raising about P5.6 billion from a multi-step equity exercise as it moves to seize strong demand for casinos and hotels in the aftermath of the pandemic. Bloomberry, the operator of Solaire Resort Entertainment City along Manila Bay, said the deal was comprised of a share offer to outside investors and a subsequent subscription deal, thus allowing it to raise money more efficiently. The first step involves the sale of 559 million Bloomberry shares—equivalent to a 5.

https://business.inquirer.net/423817/razons-bloomberry-to-secure-p5-6b-from-equity-exercise

#inquirer