Wednesday 18 September
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.

Please follow and like us:

Tags: , , , , , ,

Related Stories
Udenna Development Corp. of bilyonaryo Dennis Uy has breached its debt ratio and collateral cover
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
Looks like there's a new addition to the barkada of retail mogul Ben Chan.


Trending News

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.