PHILIPPINE Racing Membership, Inc. (PRC) stated its board accredited this week investments in two corporations to bolster its gaming operations.
The racetrack operator informed the inventory change Friday: “Fulcrum Laptop Providers Inc. will likely be included to interact in laptop rental enterprise and for organizing occasions for laptop and video video games,” it stated about one of many new subsidiaries.
Fulcrum Laptop Providers can have licensed capital of P10 million and will likely be 75%-owned by PRC, and 25% owned by Ronald Allan A. Caluste and Christian F. Peña. The preliminary subscription of PRC will likely be 18,750 shares at a par worth of P100.
In the meantime, Santa Ana Racing Park, Inc. will likely be included to interact in varied gaming companies. It’s going to have a licensed capital of P100 million and will likely be wholly owned by PRC, which is able to initially subscribe to P25 million shares at P1 par worth.
PRC has a franchise to function a race observe and handle betting stations.
It’s also within the property enterprise, together with leisure and leisure developments and memorial parks.
The choice to spend money on the 2 subsidiaries was accredited by PRC’s board on Nov. 7. — Victor V. Saulon