Belle Corp Trims Board, Streamlines Operations

Premium Leisure Corp (PLC)’s parent firm, Belle Corp, is going through a corporate makeover. As per the company’s recent filing with the Philippine Stock Exchange, there will be seven directors instead of nine.

Belle Corp claimed that this action will increase the percentage of independent directors on the board, strengthen its composition, and streamline operations.

Belle Corp emphasizes operational efficiency, and the streamlining is in line with that. The company states that its current structure does not call for a larger board.

This announcement comes after Belle Corp’s successful tender offer for all of PLC’s outstanding shares, which cleared the way for the company to potentially delist voluntarily from the stock exchange.

PLC, which operates the well-known City of Dreams integrated resort, continues to play a significant role in the Philippine tourism sector with Melco Resorts & Entertainment.

Original Story by: Asian Gaming Brief