Tuesday 20 February
Powered by Ajaxy
Feb 2, 2018 @ 21:02

Dennis Uy, Jolly Ting extend H20 share purchase negotiations


Davao-based businessman Dennis Uy’s Udenna Corp. and Jolliville Holdings Inc. of nightclub king Jolly Ting have both agreed to extend the period for the finalization of the purchase of Philippine H2O Ventures Corp. to Feb. 28.

Jolliville said the extension should give them more time to complete relevant documentation and secure the necessary approvals

H2O is an investment holding company engaged in the operation, maintenance, and distribution of water supply system through its subsidiary, Calapan Waterworks Corp.

The total consideration for the H2O sale is about $6.5 million (P327.747 million) plus the 62.006 per cent of the remaining cash assets of H2O on closing date.

Tags: , , , , ,

Related Stories
The Philippine Competition Commission has slapped a P19.6 million fine on Davao-based businessman Dennis Uy’s
Chelsea Logistics Holdings Corp. is looking to raise its equity investment in shipping and logistics
Udenna Corp., the holding company of Davao-based businessman and Duterte campaign contributor Dennis Uy., aims
Logistics giant 2Go Group Inc. has appointed Davao-based businessman Dennis Uy as president and CEO


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.