The Philippine Competition Commission (PCC) has started reviewing a deal made by a company led by Dennis Uy, which will strengthen its position in the passenger and cargo shipping market by acquiring its competitor. According to the anti-trust body, Chelsea…
The Department of Transportation, through the Civil Aviation Authority of the Philippines, granted the original proponent status to Chelsea Logistics Holdings Corp. for the development, 30-year operation and maintenance of Davao International Airport worth P49 billion. Under its unsolicited proposal,…
Philippine passenger and cargo carrier Chelsea Logistics Holdings Corporation plans to raise up to P8 billion through an initial public offering (IPO) in July to fund its expansion program. The shipping arm of diversified holding company Udenna Corp. said it…
Philippine passenger and cargo carrier Chelsea Logistics Holdings Corporation plans to raise up to P8 billion through an initial public offering (IPO) in July to fund its expansion program. The shipping arm of diversified holding company Udenna Corp. said it filed…
MANILA, Philippines – Chelsea Logistics Corp., the logistics company of businessman Dennis Uy, is embarking on an initial public offering in July to raise up to P8 billion. The company has filed with the Securities and Exchange Commission a preliminary…
Riding on upbeat prospects for the logistics industry, businessman Dennis Uy-led shipping firm Chelsea Logistics Holdings Corp. (CLC) plans to raise as much as P8 billion from a stock market debut targeted in July this year. CLC filed with the Securities…
MANILA, Philippines – Chelsea Logistics Holdings Corp. (CLC), the logistics and shipping company of businessman Dennis Uy, will embark on a major refleeting and modernization program in line with its goal to become the top player in the industry. In…
Businessman Dennis Uy’s Chelsea Logistics Holdings Corp. signed on Thursday a $220 million (P10.9 billion) loan deal with the Bank of China Ltd., part of Uy’s broader goal to become a major player in the Philippines’s fragmented logistics sector. In a…
MANILA, Philippines – Fueled by domestic consumption and e-commerce, almost every large conglomerate in the Philippines wants a share of the booming logistics market. A businessman from Davao does not want to get left behind, as he plans to acquire…
Businessman Dennis Uy is combining all of his logistics assets under Chelsea Logistics Holdings Corp., ahead of the company’s initial public offering, which can raise up to P8 billion in the middle of 2017. This comes as Uy said he was…
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