Friday 17 August
Powered by Ajaxy
Jun 11, 2018 @ 21:24

Dennis Uy completes H2O Ventures takeover, assumes chairmanship


Davao-based businessman Dennis Uy has been named chairman of H20 Ventures, the company told the stock exchange.

This after Uy’s privately-held holding firm Udenna Corp completed its acquisition of a 62 percent stake in H20 Ventures from the group of nightclub king Jolly Ting.

Raymundo Martin Escalona was named president of the company.

H2O is seen to be a backdoor listing vehicle for Uy’s property businesses.

Uy, through Udenna Development Corp, owns the $341million Lapu-Lapu Leisure Mactan project, a casino resort that will rise on a 12.5 hectare property in Cebu.

Tags: , , , , , ,

Related Stories
Udenna Development Corp. (UDEVCO) on Tuesday launched the New Center, a $5-billion project which is
The holding company of Davao-based businessman Dennis Uy has struck a deal to buy into
Davao-based businessman Dennis Uy’s Udenna Corp. and Jolliville Holdings Inc. of nightclub king Jolly Ting
Chelsea Logistics Holdings Corp. is looking to raise its equity investment in shipping and logistics


Trending News

Recommended on sister sites

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