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Posts tagged with "2GO"

Fall in shipping revenue drives 2GO loss in first 3 quarters

Fall in shipping revenue drives 2GO loss in first 3 quarters

Nov. 13 | Image by Gerd Altmann from Pixabay 2GO Group, Inc. incurred a net loss of P758 million in the first nine months of 2019, higher than the P707 million loss for the same period last year as shipping revenues declined and cost of services increased. Revenues...

Chelsea Logistics buys SuperCat from 2GO

Chelsea Logistics buys SuperCat from 2GO

Oct. 14 | Chelsea Logistics and Infrastructure Holdings Corp. (CLC) said it acquired 100% of The SuperCat Fast Ferry Corporation from 2GO Group Inc. last October 9. CLC, in a regulatory disclosure, said the cost of acquisition is less than 10% of its total shareholders’...

2GO’s loss drags Chelsea Logistics deeper into red in 2018

2GO’s loss drags Chelsea Logistics deeper into red in 2018

Apr. 17 | Image by Gerd Altmann from Pixabay Chelsea Logistics Holdings, Inc. (CLHC) has reported a net loss of P550.533 million in 2018, wider than the P161.22 million loss reported in 2017. CLHC, in a regulatory disclosure, attributed a significant portion of...

SEC clears way for 2GO, NENACO merger

SEC clears way for 2GO, NENACO merger

Dec. 16 | The merger between 2GO Group, Inc. and its parent company, Negros Navigation Corp., Inc. (NENACO), set to take effect on January 1, 2019, has been approved by the Securities and Exchange Commission (SEC). In a regulatory disclosure, 2GO said it received...

Marina issues special permit for new 2Go Manila-Mindanao route

Marina issues special permit for new 2Go Manila-Mindanao route

Oct. 25 | The Philippine Maritime Industry Authority (Marina) has allowed 2Go Group, Inc. to operate a Manila-Iloilo-Zamboanga-General Santos-Davao service to serve passengers expected to flock to these ports during this year’s observance of All Saints’ Day...

PCC begins review of Udenna takeover of Trans-Asia after notification filed

PCC begins review of Udenna takeover of Trans-Asia after notification filed

Oct. 14 | The Philippine Competition Commission (PCC) has started phase one of its review of Udenna Corporation’s takeover of Trans-Asia Shipping Lines following the holding company’s submission of notification on September 21, 2018. Udenna’s acquisition...

2GO rebounds from loss with P40.9M profit in Q1

2GO rebounds from loss with P40.9M profit in Q1

May. 20 | 2GO Group, Inc. posted a net income of P40.910 million in the first quarter of 2018, a reversal from the P264.863 million loss in the same period last year. Revenues for the period covered increased 11% to P5.37 billion from P4.85 billion in the first...

Udenna takeover of 2Go stakeholder gets PCC clearance

Udenna takeover of 2Go stakeholder gets PCC clearance

May. 8 | The Philippine Competition Commission (PCC) has approved the acquisition by Udenna Corporation (Udenna) of all outstanding capital stock of KGL Investment B.V. (KGLI-BV), which has minor effective ownership of 2Go Group, Inc. This, after Udenna and KGLI-BV...

2GO seeks to merge with NENACO

2GO seeks to merge with NENACO

Apr. 11 | 2GO Group, Inc. disclosed plans to merge with parent company Negros Navigation Corp., Inc. (NENACO). In a regulatory disclosure, 2GO said that at the company’s annual meeting on April 5, stockholders approved the internal restructuring involving the...

DyBuncio is new 2GO president, CEO

DyBuncio is new 2GO president, CEO

Sep. 29 | Frederic C. DyBuncio has been appointed president and chief executive officer of integrated transport solutions provider 2GO Group, Inc. DyBuncio replaces Dennis Uy, who has been appointed chairman. Uy in turn has replaced Francis Chua, who is now designated...