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News and Events

2018 Was a Big Year for Dennis Uy

Phoenix Petroleum Philippines' profits surged by 82 percent from the year before

2018 was a good year for businessman Dennis Uy.Not only did the rising Davao-based tycoon add more businesses in his growing conglomerate portfolio (FamilyMart, Conti’s, H2O Ventures, ISM Communications Corp., etc.), Uy’s name also made the headlines after his company Mislatel emerged ...

by Pauline Macaraeg for Esquiremag.ph  | March 02, 2019 08:00:00
News and Events

Dennis Uy's Hotel and Gaming Firm to Offer Follow-On Shares to Finance Two New Casino Projects

The rising business tycoon from Davao plans to raise P18.5 billion from the offering

PH Resorts Group Holdings Inc., the listed hotel and gaming firm of Davao businessman Dennis Uy, will offer follow-on primary shares worth P18.5 billion to the public by the third week of March.The firm disclosed on Friday, February 15, that it plans ...

by Pauline Macaraeg for Esquiremag.ph  | February 18, 2019 03:00:00
News and Events

Bench To Open Office Building in Clark Global City

It's the second most active property market in the Philippines, after Metro Manila

Suyen Corporation, the company behind Philippine retail brand Bench and many other fashion and lifestyle brands, is expanding its push into real estate.Headed by Ben Chan, its chairman and CEO, Suyen signed a memorandum of agreement (MOA) with Global Gateway Development Corp. ...

by Pauline Macaraeg for Esquiremag.ph  | February 13, 2019 08:00:00
News and Events

Share Prices of NOW Corp and Chelsea Logistics Mirror Vagaries of 3rd Telco Race

Not just the bidders but thousands of market investors also won and lost in the selection process

Dennis Uy, a Davao-based business tycoon and one of President Rodrigo Duterte’s biggest campaign contributors in the 2016 elections, is one step closer to becoming the operator of the country’s third major telecommunications company.Mislatel Consortium, which is composed of Uy’s Udenna Corp. ...

by Pauline Macaraeg  | November 07, 2018 06:00:00
News and Events

3rd Telco Race Down to Groups Led by Davao's Dennis Uy, Ilocos' Chavit Singson and PT&T

Most of the 10 companies who bought bid documents for Php1 million stayed away because of tough rules

UPDATE: Mislatel, the newly formed consortium of Davao-based businessman Dennis Uy’s Udenna Corp., its subsidiary Chelsea Logistics Holdings Corp., and China Telecom, has been provisionally named as the new major telecommunications player on Wednesday, November 7. Read the full story here.Only three groups of ...

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

Financial Adviser: 5 Things You Should Know About Dennis Uy's Acquisition of ISM Corp and How You Can Profit From It

How will the entry of Uy's group affect the long-term stock price appreciation of ISM?

ISM Communications Corp (PSE: ISM) has recently disclosed that business tycoon Dennis Uy is acquiring the company to backdoor list his holding company, Udenna Corporation in the stock exchange.A backdoor listing, which is also called a reverse takeover, happens when a private ...

by Henry Ong  | October 30, 2018 04:00:00
News and Events

Clark Overtakes Cebu as 2nd Most Active Office Property Market in PH

High demand is driven mostly by the Dennis Uy-led Clark Global City project

Clark Freeport emerged as the country’s second largest office market in the first nine months of 2018, according to real estate analyst Leechiu Property Consultants (LPC). It overtook Cebu, which has been the country’s second largest market for office transactions in the ...

by Lorenzo Kyle Subido  | September 18, 2018 05:00:00
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

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

Dennis Uy's Clark Global City Signals Shift in Country's Growth Hub to Central Luzon

Uy’s Udenna Corp is spending $5 billion to develop the ”?"new center” of business

Dennis Uy, founder and CEO of Udenna Corp, speaks during the unveiling of the master plan for Clark Global City in PampangaThe Udenna Group has unveiled the master plan for Clark Global City (CGC), its biggest real estate development thus far.Udenna is ...

by Paul John Caña  | June 01, 2018 09:00:00
News and Events

From Gas Stations to Shipping to Casino Resorts: The Unstoppable Rise of Dennis Uy

At just 43, the Davao entrepreneur known for his close ties to the president has built a business empire worth billions

Starting with oil retail, Davao native Dennis Uy has since built up his business empire to include a logistics company, convenience store chain, hospitality management school and gamingWhen the local oil industry was deregulated in 1998, it paved the way for smaller ...

by Paul John Caña  | May 18, 2018 09:00:00
News and Events

Anti-Trust Body Voids Key Deal in Dennis Uy’s Takeover of Negros Navigation and 2GO Group

Philippine Competition Commission also fines Uy’s Udenna Corp. and Dutch counterparty Php19.6 million

The Philippine Competition Commission (PCC), the country’s anti-trust watchdog formed only in 2016, has voided a key transaction in Dennis Uy’s acquisition of a controlling stake in shipping and logistics companies Negros Navigation and 2GO Group.In a 33-page decision made public on ...

by Elyssa Christine Lopez  | February 19, 2018 07:00:00
News and Events

How Much Money You Would Have Made (or Lost) if You Bought IPO Stocks in 2017

A look back at the market performance of four companies that listed at the PSE this year

In 2017, four companies launched initial public offerings (IPOs) and listed on the Philippine Stock Exchange (PSE). While this puts it at par with the previous two years, which also saw four IPOs each, this is lower than the target of six ...

by Lorenzo Kyle Subido  | January 03, 2018 09:00:00
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