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Chelsea Logistics (C) 25% owner of 3rd telco also faces current debt funding problems

Chelsea Logistics and Infrastructure Holdings Corp. (C) as with other conglomerates is also facing current debt funding problems. Chelsea (C) is a 70% owned subsidiary of Udenna Corporation.  It is primarily engaged in shipping.  It owns several well-known customer facing subsidiaries such as Trans-Asia Shipping, Starlite Ferries, Chelsea Shipping, and the Supercat Fast Ferry Corporation.Continue reading “Chelsea Logistics (C) 25% owner of 3rd telco also faces current debt funding problems”

Chelsea Logistics (C) emits a warning sign to TEL & GLO holders, offers a glimpse of 3rd-telco’s rapid expansion

Chelsea Logistics and Infrastructure Holdings Corp. (C) claims Dito Telecommunity Corporation (Dito), the third-telco, as an associate with a 25% ownership share. Chelsea Logistics is 70% owned by Udenna Corporation. On May 10, 2019, the Company subscribed to 40,833,333 common shares and 22,916,666 preferred voting shares or equivalent to 25% interest of Dito’s authorized capitalContinue reading “Chelsea Logistics (C) emits a warning sign to TEL & GLO holders, offers a glimpse of 3rd-telco’s rapid expansion”