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News and Events

UPDATED: Group of Dennis Uy and China Telecom Named PH's 3rd Telco

The company's second package of bid documents is now under evaluation

Updated: 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.The consortium garnered 456.8 points for its ...

by Elyssa Christine Lopez  | November 07, 2018 04:00:00
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

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

Robbie Antonio, Dennis Uy, Jack Tuason Tie Up to Build Modular Restaurants

Revolution Pop promises would-be restaurant owners well-designed dining place in 90 days

(from left to right) Daniel Perez, Senior Vice President of Operations for Enderun Colleges; Dennis Uy, Chairman of UDENNA Corporation; Jack Tuason, Founder of Enderun Colleges; Robbie Antonio, CEO of Revolution Precrafted; Luc Froelich, Project Lead, Revolution PrecraftedMuch like how hungry foodies can ...

by Elyssa Christine Lopez  | November 02, 2017 06:00:00
News and Events

Becoming Big Brother: How SM Group’s Early Support Spurred the Rise of Davao Tycoon Dennis Uy

Phoenix Petroleum founder recalls how BDO’s first clean loan helped the oil company grow

Long before entrepreneurship advocate Jose Ma. “Joey” Concepcion III launched the Mentor Me Program where big business leaders act as some sort of “big brother” to small business owners, an early version of the relationship was already playing out between the country’s ...

by Elyssa Christine Lopez  | September 15, 2017 09:00:00
News and Events

How Rich Is Davao-Based Entrepreneur Dennis Uy?

The fast-rising entrepreneur is on his way to establishing a diversified business empire

The listing of Chelsea Logistics Holdings Corp. on August 8 caps more than a year of frenzied mergers and acquisitions as well as fresh ventures for Dennis Uy, the emerging Davao-based tycoon. The 43-year-old entrepreneur first rose to national prominence after he ...

by Lorenzo Kyle Subido  | August 08, 2017 04:00:00
News and Events

Chelsea Logistics Cuts Final IPO Price By More Than a Quarter to Php10.68

Sole underwriter says move aimed at ensuring upside for buyers of the shares

Chelsea Logistics Holdings Corp. (CLC) has set a final price of Php10.68 per share for the initial public offering of shares in the shipping company owned by Davao-based entrepreneur Dennis Uy, according to news reports quoting the offering’s sole underwriter, BDO Capital ...

by Entrepreneur Staff  | July 20, 2017 11:00:00
News and Events

Fast-Rising Davao Tycoon Dennis Uy Launches IPO for Logistics Firm

Duterte campaign donor emerges as major player in domestic cargo handling industry

UPDATED: Chelsea Logistics Cuts Final IPO Price By More than a Quarter to Php10.68Davao-based entrepreneur Dennis Uy’s Chelsea Logistics Corp. (CLC) has priced its initial public offering (IPO) at Php14.63 per share as it seeks to raise Php8 billion through the sale ...

by Elyssa Christine Lopez  | July 20, 2017 01:00:00
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