SEC OKs rental pool of 2 Cebu Landmasters firms

MANILA, Philippines — The Securities and Exchange Commission (SEC) has given its go signal for the proposed rental pool deals of property developer Cebu Landmasters Inc. (CLI). In a statement Thursday, the regulator said its Commission En Banc had cleared the registration statements of CLI Premier Hotel International Inc. for 180 rental pool agreements and of YHES Premier Hotel Inc. for 263 rental pool agreements. CLI Premier is a wholly owned subsidiary of the listed property firm. YHES Premier, meanwhile, is under Yuson Huang Excellence Soberano Inc., which is 50 percent owned by CLI. READ: Cebu Landmasters brings to Cebu bailiwick […]... Keep on reading: SEC OKs rental pool of 2 Cebu Landmasters firms