Sy-blings bolster Premium Leisure subsidiary with P3 billion investment

courtesy: Bilyonaryo.com

Premium Leisure Corp. (PLC), a company affiliated with the Sy family, is set to infuse up to P3 billion into the operations of its subsidiary, Sinophil Leisure and Resorts Corporation (SLRC).

In a regulatory disclosure, PLC announced its plan to expand its investment through the subscription of additional common shares from the existing unissued capital stock and the authorized capital stock increment of SLRC.

SLRC, a non-operating entity specializing in amusement, entertainment, and recreation, primarily holds an investment in Black Spade Acquisition Inc. This investment is notable for Black Spade Acquisition’s focused pursuit of identifying potential business combinations within the entertainment industry.