Tuesday 22 May
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.

Tags: , , , , , , ,

Related Stories
Telecommunications giant PLDT Inc. is selling more than half of its stake in German technology
Telecommunications giant PLDT Inc.said revenues from its enterprise business grew 11 percent to a record
Hong Kong tycoon Li Ka-shing, 89, who has announced his retirement, started his career selling
Telco giant PLDT Inc. has agreed to collaborate with several global large telecommunications firms to


 

Trending News

Recommended on sister sites

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