PH Resorts proposes transfer of operating assets to Udenna in restructuring
PH Resorts Group Holdings has proposed transferring its entire ownership of PH Travel and Leisure Holdings and related subsidiaries to parent Udenna Corporation, subject to shareholder approval. PH Resorts said Udenna would forgive outstanding advances, continue financial support and help settle or assume significant obligations; PH Travel’s consolidated book value was negative Php7.92 billion as of 31 December 2025.
The proposed transfer and debt support could reshape PH Resorts’ liabilities and corporate structure, subject to shareholder approval.