Delta Corp plans to demerge hospitality and real estate into DPPL, focusing gaming after regulatory approvals.
Delta Corp is set to demerge its hospitality and real estate sectors into a new subsidiary, Delta Penland Private Limited (DPPL), pending regulatory approvals. This move aims to enhance operational efficiency in Delta Corp's gaming business. Shareholders will receive one DPPL share for each Delta Corp share. Following the demerger, Delta Corp will focus solely on gaming, while DPPL will manage the hospitality and real estate sectors.
September 25, 2024
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