Udenna Corporation

The Udenna Corporation was incorporated on March 19, 2002.[1] It was founded by Davao City businessman Dennis Uy who decided to establish the company after quitting his family businesses in Mindanao. The name "Udenna" was derived from Uy's full name, Dennis Ang Uy. Phoenix Petroleum was organized as the first unit of Udenna. It was first involved in managing oil terminals as the Davao Oil Terminal and Services Corporation in the early 2000s but was later renamed as Phoenix Petroleum in 2005 and went on retailing petroleum products. Phoenix Petroleum went public in 2007.[2]

To supplement Udenna's petroleum business, Chelsea Shipping Corporation was established in 2006 marking the corporation's entry in the shipping and logistics industry. Within the first year of the administration of President Rodrigo Duterte in 2016–2017, Udenna Corporation had various acquisitions. Udenna secured permission from the Philippine Amusement and Gaming Corporation to develop a casino resort near the Mactan–Cebu International Airport. It also entered the liquefied petroleum gas (LPG) industry and acquired Enderun Colleges.[2]

In November 2017, Udenna took over the development of the former Global Gateway Logistics City at the Clark Freeport Zone in Pampanga which was later relaunched as Clark Global City.[3]

Mislatel (now known as Dito Telecommunity), a consortium by Udenna and China Telecom won the government-sanctioned bidding that would allow the consortium to become the third major telecommunications provider in the Philippines challenging the duopoly of PLDT and Globe Telecom.

Also in late 2018, Udenna Corporation began the process of acquiring Philippine Stock Exchange-listed ISM Communications Corporation with the intention of backdoor listing Udenna in the stock exchange. Upon the completion of the process Udenna Corporation will become a wholly owned subsidiary of ISM but ISM's shares will be effectively owned by Dennis Uy and his wife and ISM will be renamed Udenna Holdings Corporation.[4] However, the planned backdoor listing was aborted and in March 2020, ISM changed its corporate name to Dito CME Holdings Corporation.[5]

Dennis Uy's Udenna Corporation bought 100 million common shares of Atok-Big Wedge Co. Inc. at the negotiated price of P2.00 per share or a total of P200,000,000. Dennis Uy is also a director and vice chairman of Atok-Big Wedge. He has an existing 1,000 direct shares in the company.[6] Atok-Big Wedge Co, Inc. a listed corporation in PSE, has 20% ownership of United Kingdom-based Forum Energy Ltd. which has the right of oil exploration in SC72 in the west Philippine Sea. Forum Energy Ltd. has an ongoing talks with China for joint oil exploration after President Duterte a close friend of Dennis Uy lift the moratorium on oil exploration.[7]

Oil, gas and retail

• Phoenix Petroleum Philippines Inc. - is one of the main subsidiaries of Udenna
  • Phoenix LPG Philippines Inc.
  • PNX Petroleum Singapore Pte Ltd.
  • Phoenix Gas Vietnam LLC
  • Phoenix Asphalt Philippines, Inc.
• Philippine FamilyMart CVS, Inc. (PFM) - Philippine franchise of the Japan-based convenience store chain. Acquired FamilyMart Philippines from the co-ownership of Ayala Corporation, Rustan's Group and Itochu in 2018.

Logistics

• Chelsea Logistics & Infrastracture Holdings Corp. - also a holdings company itself deals with Udenna's business in the shipping and logistics industry.[1]

Real estate

Udenna Corporation also manages the Clark Global City through its subsidiary

• Clark City Global Corporation - which in turns hold the majority of Global Gateway Development Corporation, the leaseholder of the development in the Clark Freeport Zone.[8][9][3]

Education

• Enderun Colleges[10]

Telecommunications

• Dito Telecommunity Corporation - 35% ownership, co-owned with CLC (25%) and China Telecommunications Corporation (40%)

Hospitality

• PH Resort Group - PH Resorts Group is the holding entity for the gaming and hospitality business.
  • Donatela Hotel - Luxury Resort located in Panglao, Bohol. Sits on 7.5 hectares of prime property. Acquired in November 2017, the resort features twelve private & luxurious villas.
  • Emerald Bay Resort and Casino - Located in Mactan, Cebu.
  • Emerald Bay Resort and Casino - was designed by world renowned Steelman Partners. The five star hotel and casino is targeted to open in 2020.
  • The Base - Currently in the design and development phase, The Base is scheduled to open in 2022.

Located in a 4.4-hectare property in Clark Global City, Pampanga, The Base is set to be a premiere adventure-themed integrated resort.

Retail and food

• Eight-8-Ate Holdings, Inc.
  • Wendy's Philippines[11] - Philippine franchise of the American burger fastfood chain. Acquired in 2019 thru its subsidiary Eight-8-Ate Holdings.
  • Conti's[12] - a bakeshop and restaurant chain. Udenna acquired 70% stake of Conti's Holdings Corporation in 2018.

Infrastructure

• Udenna Infrastructure Corporation (UIC)
  • Udenna Water
  • L3 Concrete

Disvestment

• Dito Telecommunity

Udenna Foundation which started in 2018, is the corporate responsibility arm of the Udenna Corporation. The foundation has various areas of advocacy which includes education, disaster relief, and financial support.[13]

• Dito CME Holdings Corporation