Davao’s Dennis Uy exits 2GO, sells to SM Group

Miguel R. Camus - Reporter / @miguelrcamusINQ 03/19/2021

MANILA, Philippines — The Sy family’s conglomerate SM Investments Corp. is taking over 2Go Group Inc., strengthening its footprint in logistics during a period of upheaval for the industry. SM is taking a controlling stake in 2Go…

Dito CME to gain control of telco biz in P68.4-B backdoor deal

Miguel R. Camus - Reporter / @miguelrcamusINQ 11/14/2020

Davao-based businessman Dennis A. Uy’s Dito CME Holdings Corp. is poised to take a controlling stake in Dito Telecommunity through layers of companies as the group reshuffles its shares in the telco startup backed by China Telecom.…

Ex-PLDT top exec named president of Davao-based Dennis Uy’s telco

Miguel R. Camus - Reporter / @miguelrcamusINQ 08/14/2020

Once a candidate to head the country’s largest telecommunications company, PLDT Inc., Ernesto “Eric” Alberto was named president of emerging rival DITO CME Holdings on Friday. DITO CME said in a stock exchange filing that Alberto will…

Mactan casino project gets ‘advance’ of $42.5M from Dennis Uy’s Udenna

Philippine Daily Inquirer 10/19/2019

Integrated gaming resort developer PH Resorts Group Holdings Inc. (PHR) has tapped a $42.5-million loan from a unit of its parent firm, Udenna Corp., to fund its casino project in Mactan, Cebu. “This advance represents a significant…

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