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Chelsea estimated to reap 7.4B windfall & 5.7B gain from 2GO divestment

Chelsea Logistics and Infrastructure Holdings (Chelsea) listed KGLI-NM Holdings as a 100% subsidiary in its 17-Q3 Filing. While 2GO Group reported KGLI-NM Holdings to be its top shareholder owning 867,239,109 shares equivalent to 34.68% of the company as of 31 December 2020. The divestment of the 867,239,109 2GO shares at 8.50 a piece would translateContinue reading “Chelsea estimated to reap 7.4B windfall & 5.7B gain from 2GO divestment”

Aspiring major telco Dito Telecommunity roll-out comes to a standstill as gleaned from the 9M20 Chelsea (C) financial reports

Chelsea Logistics and Infrastructure Holdings Corp. (C) claims Dito Telecommunity Corporation (Dito) 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 capital stock forContinue reading “Aspiring major telco Dito Telecommunity roll-out comes to a standstill as gleaned from the 9M20 Chelsea (C) financial reports”