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News and Events

Dennis Uy's Udenna Corp. Buys 70% Stake in Bakery and Restaurant Chain Conti's

The remaining 30% will remain with the company's original owners

Dennis Uy-led Udenna Corp. announced it has entered into a share-purchase agreement with Conti’s Holdings Corp. (CHC) giving the company a 70-percent stake in restaurant and bakery chain Conti’s. The rest of the company will remain with its original owners.In a statement ...

by Elyssa Christine Lopez  | September 10, 2018 04:00:00
News and Events

Jollibee Goes Mexican, Buys 47% Stake in US-Based Tortas Frontera

It's the latest acquisition for Tony Tan Caktiong's growing food empire

Homegrown fast-food group Jollibee Foods Corp. (JFC) has announced a $12.4-million deal with US-based Mexican food concept Tortas Frontera LLC, giving the Filipino firm a 47-percent stake in the American restaurant chain. This is the second major food venture of JFC in ...

by Elyssa Christine Lopez  | September 07, 2018 12:00:00
News and Events

Dennis Uy Buys 45% Stake in ISM Communications as Share Price Doubles Since June

Davao businessman pays Php1.28 billion for equity position in a company that used to own telco assets

Listed company ISM Communications Corp. announced that it has approved the acquisition of 45 percent of its total outstanding shares by Dennison Holdings Corp., a company owned by Davao-based businessman Dennis Uy.In a disclosure to the Philippine Stock Exchange (PSE) on August ...

by Lorenzo Kyle Subido  | August 17, 2018 12:00:00
News and Events

Successful Exit: AI Messaging Startup Sold to Paper and Agri Group Just a Year After Launch

Chatbot PH is now part of the Sterling Paper Group of Companies

(From L-R) SPGC President Gerry Lim Bon Hiong, SPGC CEO and Chairman of the Board Henry Lim Bon Liong, Chatbot PH Co-Founder and CEO Ron Baetiong, and Chatbot PH Co-Founder Stephen KuJust a little over a year after its launch in the ...

by Pauline Macaraeg  | April 05, 2018 09:00:00
News and Events

Davao Tycoon Dennis Uy Eyes FamilyMart to Complement His Phoenix Petroleum

Acquisition seen to boost Duterte adviser’s 500+ retail gasoline stations

Listed independent oil company Phoenix Petroleum Philippines is set to acquire the Philippine arm of Japanese convenience store chain FamilyMart, according to a disclosure to the Philippine Stock Exchange (PSE) last October 30.In the disclosure, Phoenix Petroleum revealed that it had signed ...

by Lorenzo Kyle Subido  | October 30, 2017 04:00:00
Run & Grow

5 tips for coping with smaller business competition

Follow these strategies to handle smaller companies carving out a niche in your market share

Have you ever tried doing a business where there was no competition? Where do you get the drive to be better? How do you even sustain an idea and grow it if there is no competition? For instance, I observe the way ...

by Chidike Samuelson  | October 22, 2016 01:00:00
News and Events

Kick start your day, May 10: 2016 voter turnout highest in last 3 elections

(UPDATED) Davao City Mayor Rodrigo Duterte maintains his lead, while Bongbong Marcos and Leni Robredo are head-to-head in the VP race.

(UPDATED) At least 81% of the registered voters practiced their right to vote, the highest turnout rate in the last three automated elections, Commission on Elections (COMELEC) chairman Andres Bautista said in a press briefing, Monday, May 9, election day.The voter turnout ...

by Entrepreneur Staff  | May 10, 2016 08:00:00
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