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…
Chelsea Logistics Holdings Corp. is looking to spend about P4 billion for acquisitions to help drive future growth following its initial public offering in the middle of 2017. Chelsea chair and founder Dennis Uy said last week there were prospective…
Businessman Dennis A. Uy’s Chelsea Logistics Holding, Inc. is a step closer to listening its shares on the Philippine Stock Exchange, after the company’s corporate regulator approved on tuesday its application for an P8-Billion Initial Public Offer. Chelsea’s IPO still…
The Securities and Exchange Commission on Tuesday gave the nod for shipping firm Chelsea Logistics Corp. (CLC) to proceed with its P8-billion initial public offering. In a text message to reporters, SEC Secretary Armando Pan announced that the corporate regulator…
The Securities and Exchange Commission approved on Tuesday a plan by shipping firm Chelsea Logistics Corp. (CLC) to raise as much as P8 billion from a stock market debut targeted in July this year. SEC Commission Secretary Arman Pan announced…
MANILA, Philippines – Chelsea Logistics Corporation, another company of Davao-based businessman Dennis Uy, got approval from the Securities and Exchange Commission (SEC) to embark on its P8-billion stock market debut expected this month. Pending the go signal from the Philippine Stock…
Getting listed on the Philippine Stock Exchange kicked off a string of improvements for Chelsea Logistics Holdings Corp. For Chelsea Logistics Holdings Corp. President and CEO Chryss Damuy, the company’s public listing was a game changer that opened a range…
CHELSEA Logistics Holdings Corp. (CLC) posted a 17.5% growth in net profit last year to P161 million as revenues more than doubled after the acquisition of shipping companies and related businesses. In a disclosure to the stock exchange, the company…
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