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