Chelsea Logistics and Infrastructure Holdings Corp. (CLC) said it acquired 100% of The SuperCat Fast Ferry Corporation from 2GO Group Inc. last October 9.…
Marina issues special permit for new 2Go Manila-Mindanao route
The Philippine Maritime Industry Authority (Marina) has allowed 2Go Group, Inc. to operate a Manila-Iloilo-Zamboanga-General Santos-Davao service to serve passengers expected to flock to…
PCC begins review of Udenna takeover of Trans-Asia after notification filed
The Philippine Competition Commission (PCC) has started phase one of its review of Udenna Corporation’s takeover of Trans-Asia Shipping Lines following the holding company’s…
Udenna takeover of 2Go stakeholder gets PCC clearance
The Philippine Competition Commission (PCC) has approved the acquisition by Udenna Corporation (Udenna) of all outstanding capital stock of KGL Investment B.V. (KGLI-BV), which…
Frederic C. DyBuncio has been appointed president and chief executive officer of integrated transport solutions provider 2GO Group, Inc. DyBuncio replaces Dennis Uy, who…
Chelsea Logistics seeks out port development, takeover deals
Newly listed Philippine company Chelsea Logistics Holdings Corp. (CLC) is on the lookout for opportunities to go into port development and acquire other logistics…
Former 2GO execs says claims of fraud “false and malicious”
The previous management of 2GO Group, Inc., led by former president and chief executive officer Sulficio Tagud, Jr., strongly denies any misstatement in the…
Chelsea Logistics secures $220M China loan for 32% stake in 2GO
Philippine shipping line Chelsea Logistics Corp. (CLC) has signed a $220-million bridge loan agreement with Bank of China, intending to use the borrowed money…
Philippine passenger and cargo carrier Chelsea Logistics Corporation plans to raise up to P8 billion through an initial public offering (IPO) in July to…
SM Investment enters logistics through 34.5% stake in 2GO
Holding company SM Investments Corporation has acquired a minority share in integrated transport solutions provider 2GO Group, Inc. as SMIC starts to venture into…
Udenna buys 21% of 2Go shares; 2Go unaware of transaction
Holding firm Udenna Corporation, the parent and majority stockholder of Phoenix Petroleum Philippines Inc. (PPPI), has acquired a 21% share in integrated transport solutions…
