The Philippines continues to showcase solid macroeconomic fundamentals, retaining its net creditor status within the…
Deposed TRLEI board asks SEC to ignore Kazuo Okada camp
The deposed board of Tiger Resort Leisure and Entertainment Inc. (TRLEI), operator of integrated gaming resort Okada Manila, has asked the Securities and Exchange Commission (SEC) to dismiss any requests by the Kazuo Okada-led camp to update the company’s general information sheet (GIS) reflecting the “invalid” election of the “sham board.”
The TRLEI board—recognized by parent firms Tiger Resorts Asia Ltd. (TRAL) and Universal Entertainment Corp.—sent a letter to the SEC informing the regulator about an “attempt from the illegitimate board to file a GIS electronically.”