Sunday 21 October
Powered by Ajaxy
Mar 20, 2018 @ 21:20

Chelsea Logistics shareholders back plans to engage in infra, utilities

 

Shareholders of Chelsea Logistics Holdings Corp. approved the management’s proposal to expand the company’s primary purpose to include infrastructure and other utility businesses such as telecommunications and power.

“With this amendment, the company will now be able to pursue business activities related to the operation of airports and ports and all facilities related to logistics, and utilities,” Chelsea said in a statement.

“We will pursue our expansion strategies and find best ways to complement the current business operations with the Build Build Build program of the Duterte administration, ” said Chryss Alfonsus V. Damuy, president of Chelsea.

Shareholders likewise approved the creation of preferred shares in line with the company’s plans to raise funds from the capital market.

Please follow and like us:

Tags: , , , , , , ,

Related Stories
Telecommunications firm Globe Telecom announced that it is in the process of incorporating an independent
The Department of Information and Communications Technology (DICT) is eyeing the selection of the third
Telecommunications giant PLDT Inc. plans to secure $400 million in loans from local banks to
Bilyonaryo Lance Gokongwei is ready to take over the reins of the family’s growing business


 

Trending News

Recommended on sister sites

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