MANILA, Philippines—At least three local business groups and one Chinese real estate developer are eyeing a stake in publicly listed Discovery World Corp., signalling a possible bidding war for the luxury resort developer controlled by the Tiu family, the Inquirer learned.
Two sources familiar with negotiations for a stake in the firm said these potential minority partners are in addition to Metro Pacific Investments Corp. which confirmed last week that it was in talks to acquire a stake in the firm that owns the popular Discovery Shores resort in Boracay and Club Paradise in Palawan, among others.
“There’s a very big Chinese real estate developer who approach…
Keep on reading: Tiu family draws more suitors for stake in Discovery World resort firm