Philippine tycoon Dennis Uy’s business may face $700 million debt bill

  • 📰 YahooPH
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Uy-backed DITO CME Holdings Corp. believes the group will be able to meet all its outstanding obligations.

The most recent financial report of Uy-backed DITO CME Holdings Corp., covering the quarter through end March and published in late May, lists subsidiary DITO Telecommunity Corporation – a venture with China Telecommunications Corp. – as having taken out the money with three different Bank of China Ltd. branches.

Leo Venezuela spokesman for parent Udenna Corp. said he couldn’t answer questions regarding DITO CME’s finances citing a blackout period before the release of the second-quarter financial report on Monday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ICYMI: Uy-backed DITO CME Holdings Corp. believes the group will be able to meet all its outstanding obligations.

I believed na kaya nyang bayaran yan coz yong sales nya sa shares sa malampaya kay ER is almost US$500M 45% shares, so malaki pa ang naiwan sa kanya, the words of DAU regarding loan’s amortization’s can hold water. No bank will lend u money if u don’t have the capabilities

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cebu City Hall to employ cashless transactions for real property and business tax paymentsCEBU CITY, Philippines -- The Cebu City government is set to implement cashless transactions for real property and business tax payments.In a statement on Thursday, August 11, 2022, Cebu City
Source: cebudailynews - 🏆 8. / 71 Read more »