BHI okays P266-M capital hike for unit

The board of Boulevard Holdings Inc. (BHI) approved the increase of its unit Friday’s Holdings Inc.’s (FHI) authorized capital stock by P266 million.

The BHI meeting also approved BHI’s acquisition of the remaining 2.1061 hectares at Puerto Galera town, Oriental Mindoro province, through a property for share swap at 2.63 billion BHI shares at P12 centavos per share or through a property-lease arrangement.

The chairman was authorized by the board to finalize the details of the arrangement.

BHI said its annual stockholders’ meeting has been rescheduled to April 19, 2016 to give the company sufficient time to prepare for the additional issue.

BHI also reported a 95-percent increase in Friday’s Boracay Resort sales in January this year compared to January in 2015.

BHI management took caution that this strong per-formance could all be stymied with looming threats by the Amable Aguiluz group to claim part of what BHI claimed it already paid for frontage via a fraudulent sale by its previous owner, Mila Yap, to Ambassador Aguiluz’s front men.

Friday’s expressed its gratitude to its more than 40,000 loyal repeat Western & Asian repeat guests who have helped market its restored reputation via comments on tourist sites like TripAdvisor. Com and Booking.Com. Online travel bookings comprise almost 60 percent—and growing—of the resort’s room revenue segment.

Guest comments on Fridays food and its famous buffet have been stellar, especially with the hiring of new chefs and personnel, it said. RIZA LOZADA