EXCLUSIVE-Tycoon close to outgoing Philippines president considering sales of big assets - sources ...Middle East

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EXCLUSIVE-Tycoon close to outgoing Philippines president considering sales of big assets - sources
source : Devdiscourse ( Middle East ) () 31
A tycoon and close associate of outgoing Philippines President Rodrigo Duterte is considering selling businesses collectively worth several billion dollars, including a South China Sea gas field and a commercial land lease firm at the site of a former U.S. military base, two sources familiar with the matter said on Thursday. Dennis Uy, chairman of conglomerates Udenna Corp and listed Chelsea Logistics, has seen rapid growth and diversification of his business empire during the presidency of Duterte, who leaves office next month.

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