Starlite Ferries Inc. incorporated on 26 August 1994, is one of the dominant shipping companies in the Batangas – Calapan and Roxas – Caticlan trade lanes. Their vessels accommodate cargo shipments of various size and type, except for identified restricted products, which can potentially harm the passengers and crew onboard.
Trans-Asia Shipping Lines (Trans-Asia), established on 25 March 1974, is now the leading shipping company in the Visayas and Mindanao regions with more than four decades of existence and unparalleled experience.
In 2013, Trans-Asia ventured into a modernized cargo equipment handling and invested in container yard facilities within Cebu and eventually into Cagayan de Oro in 2016. Beginning 2015, their cargo services included the shipping of 20-footer container vans along the Cebu – Cagayan de Oro – Cebu route. Subsequently, in 2016, they started operating our freighter vessel, along the Cebu – Manila – Cebu route, offering a variety of services ranging from LCL, FCL of 10’, 20’ and 40’, breakbulk, rolling units, reefer vans, ISO tanks and out of gauge cargoes.
2Go Group Inc. is one of the largest premier logistics providers in the Philippines. On March 27, 2017, the Company acquired all of Udenna Investments B.V.’s (UIBV) outstanding capital stock through a share swap agreement with Udenna wherein Udenna transferred to the Company 18,200 UIBV shares. In exchange, the Company issued 775,384,615 new common shares from its authorized and unissued capital stock in favor of Udenna.
UIBV owns 80% economic interest and 39.97% of the voting rights in KGLI-NM, which holds 35.22% economic interest in 2GO. Hence, the Company has a 28.18% indirect economic interest in 2GO.