International edition
June 24, 2021

Deal subject to Frontier Capital’s shareholders approval

ASX-listed Frontier Capital acquires casino in Clark

ASX-listed Frontier Capital acquires casino in Clark
Frontier Capital Group Limited received an approval by President Aquino for the Passenger Terminal expansion project at Clark International Airport (CIA).
Philippines | 11/11/2015

Frontier Capital Group Limited received an approval by President Aquino for the Passenger Terminal expansion project at Clark International Airport (CIA).

T

he deal is still subject to the approval of Frontier Capital’s shareholders, said the filing, adding that the target date for its completion is January 2016.

The national government has approved a PHP15 Billion (Philippine Pesos) (AU$450M) expansion that is expected to double the number of passengers annually to 8 million.

The firm believes the expansion will result in a direct increase of patrons frequenting the Stotsensberg Hotel and Casino, with the increased passengers through the airport terminal and its close proximity of just 1.6km.

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook