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HOTEL and resort operator Discovery World Corp. reported that its board of directors, in a meeting last Thursday, had authorized additional investments in four wholly owned subsidiaries. ....
January 22, 2021 | 12:05 am Font Size AAA DISCOVERY WORLD Corp. has increased its subscription in four subsidiaries in a move to create opportunities for the company’s resort business. In four separate disclosures on Thursday, Discovery World announced the decision of its executive committee to increase the company’s subscription in its subsidiaries, namely: Palawan Cove Corp., Lucky Cloud 9 Resort, Inc., Balay Holdings, Inc., and Cay Islands Corp. Discovery World said it increased its subscription in Palawan Cove by 10 million shares with a par value of P1 per share, amounting to P10 million, which will be used as working capital. With the new subscription, the company said the resulting outstanding capital stock of Palawan Cove will be 90 million shares, from the previous 80 million shares. ....