It plans to issue 24 billion common shares—priced at P3 each—in exchange for the 2 billion shares held by Uy and his wife Cherylyn held in Udenna. The latter figure represents all of the company’s outstanding capital stock. … [Read more...] about Uy to transform ISM to Udenna Holdings
In a filing, H2O said the previous majority stockholders sold their holdings at P4.30 per H2O common share. The sale made the buyer (Udenna) the sole stockholder because H2O’s public stockholders, who, as of April 16, 2018 owned 84.699 million common shares or 34.82 percent, chose not to sell. … [Read more...] about Hotel business for Dennis Uy’s newly bought H2O?
ISM Communications is engaged in information technology, multimedia telecommunications and related industries. It owns 32 percent of Acentic GmbH, a German provider of internet connectivity and inter-room entertainment solutions for the hospitality industry. It also acquired a 37.1 percent stake in Philippine Bank of Communications in 2011. … [Read more...] about ISM seeks to raise P2.5B from share sale
“Indonesia, Malaysia dan Filipina dalam semangat ASEAN akan bersama-sama membida kontrak lapangan terbang Clarke di Manila dan membina hab timur ASEAN yang besar. Kotakan janji ASEAN. Tahniah kepada lapangan terbang Indonesia. Lihatlah apa yang kita boleh lakukan di ASEAN apabila kita bekerjasama,” catatnya dalam twitter beliau. … [Read more...] about AirAsia bida kontrak Lapangan Terbang Clark
“We are very bullish on the Philippine food industry, which has expanded with the growing demand for convenience. Specifically, the Philippine food service industry amounts to roughly $7.2 billion and over the past decades has had annual growth of 15 percent to 20 percent. We believe this transaction brings strong synergies with our existing portfolio, which includes hospitality and tourism,” Uy said. … [Read more...] about Dennis Uy buys big chunk of Conti’s restaurant chain