International Entertainment (HKG:1009) unit New Coast Leisure agreed to procure Kimberland Construction to undertake the phase one renovation and construction works at a hotel and integrated resort for 1.47 billion peso, a Feb. 14 bourse filing said.
The construction work at the hotel in Manila, the Philippines, is expected to be completed by the end of the second quarter.
The move comes about in order to ensure the good condition and service of the hotel to complement the operation of a casino in the hotel, which began in May 2024.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.