Universal Acquires Asiabest Shares

Sun, Feb 10, 2019

Universal Entertainment Corp. has completed its acquisition of shares in Asiabest Group International, a giant step forward in its plan for a backdoor listing of its subsidiary, Tiger Resort Asia Ltd.

Universal Entertainment Corp. has completed its buy of 200 million shares in Asiabest Group International Inc. The move will advance the company’s plan for a backdoor listing of a subsidiary, Tiger Resort Asia Ltd., which operates the Okada Manila integrated resort in the Philippine capital.

According to CDC Gaming Reports, the acquisition makes ABG a subsidiary of TRA, with the latter holding 66.6 percent of the unit’s shares.

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