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BHI regains control of Friday’s Boracay

18 Mar

BY UNICAPITAL SECURITIES

Boulevard Holdings Inc. (BHI), through wholly owned subsidiary Friday’s Holdings Inc., has finally regained full control and possession of its Friday’s Boracay hotel and resorts following a 13- month land dispute.

On March 13, the company said the Aklan Municipal Trial Court has dispatched 60 deputized policemen and 50 BHI engineering staff to implement a Writ of Possession, ousting Yap’s men from the area.

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BHI said they are also preparing to file a grave coercion case against the Yaps after BHI’s lawyers were threatened by the armed group as they were about to reoccupy the property.

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Posted by on March 18, 2015 in BHI, Corporate News, Stock Market

 

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