Complex sentence: Lae Yacht Club moved from Voco Point to the existing premises and on 15 March 2003 the new club premises was officially opened by the MP Bart Philemon and became the most prestigious Yacht Club in Papua New Guinea.
Split into simpler sentences: Lae Yacht Club moved from Voco Point to the existing premises. On 15 March 2003 the new location was officially opened by the MP Bart Philemon and became the most prestigious yacht club in Papua New Guinea.