Thread by @guingonabart

Learning from the Best Behest Loan and Financial Magic Coach. A thread

>>>>>>20 LOCAL AND FOREIGN BANKS HAVE QUENCHED BILLIONAIRE DENNIS UY'S THIRST FOR TAKEOVERS AND MERGERS IN THE FIRST 2 YEARS OF HIS PATRON, DIGONG DUTERTE.

The Davao-based businessman has already tripled his

borrowings to P85 billion as of 2017 but has shown little sign of slowing down his torrid pace of acquisitions as he continued to gobble up more targets this year:
From the FamilyMart convenience store to wildcat firm PXP Energy Corp. to the local Ferrari distributor Autostrada.

Based on his filings with the Securities and Exchange Commission, Uy’s single biggest loan is for P34 billion from Banco De Oro (BDO), Philippine National Bank (PNB), and Bank of China – Grand Cayman Branch (BOC-GC).

Uy used the 10-year loan, with an interest rate of between

7.61 percent and 8.98 percent, to buy out a Kuwaiti group from the 177-hectare Clark Global City Corp.

This loan accounts for nearly half of the P74 billion term loan of Uy as of end-2017. Here is a breakdown of the Duterte crony’s other borrowings:

1) BDO -- P13.111 billion

2) Bank of China -- P5.452 billion

3) China Banking Corp. -- P3.814 billion

4) Philippine National Bank -- P3.125B

5) Philippine Business Bank (PBB) -- P2.526B

6) Multinational Investment Bancorporation (MIB) -- P2.385 billion

7) Development Bank of the Philippines (DBP) --

P1.906 billion

8) Land Bank of the Philippines (LBP) -- P1.9 billion

10) Robinsons Bank Corp. (RBC) -- P1.268 billlion

11) Rizal Commercial Banking Corp. -- P1 billion

12) Philippine Veterans Bank (PVB) -- P600 million

13) Bank of Commerce -- P500 million

14) United Coconut

Planters Bank (UCPB)

15) Asia United Bank (AUB) P493 million

16) Pentacapital Investment Corp. P400 million

17) Union Bank of the Philippines P300 million

18) Taiwan’s CTBC Bank (Philippines) Corp. P296.25 million

19)Taiwan’s Mega International Commercial Bank Co.

(MICBC)P296 million

20) Taiwan’s First Commercial Bank, Ltd. (FCB) P197.5 million

21) Philippine Bank of Communications (PBCOM) P25.699 million

See related story:

Uberpacman: Duterte crony Dennis Uy buys or forms 36 companies in 24 months

Everything counts in large amounts

for billionaire Dennis Uy who has come from obscurity to supernova under the term of his patron, President Rodrigo Duterte.

The Duterte crony has overshadowed the Forbes 50 Filipino billionaires with his debt-propelled buying binge worth roughly P70 bllion in just the first two

years of this administration.

The Davao-based businessman, who reported a P30 million donation to Duterte’s campaign kitty in 2016, has expanded his oil distribution business into shipping, estate development, hotel and casino, food retailing, water, and power.

Here are the 36

companies that Uy has bought or formed so far under the Duterte administration:

2016

1) Chelsea Logistics Holdings Corp.
2) Udenna investments BV
3) Davao Gulf Marine Services, Inc.
4) Trans-Asia Shipping Lines, Inc. (TASLI)
5) Ocean Star Shipping Corp.
6) Starsy Shoppe, Inc.

7) Dynamic Cuisine, Inc.
8) Quality Metal & Shipworks, Inc.
9) Chelsea Marine Manpower Resources, Inc. (CMMRI)
10) KGLI-NM Holdings, Inc. (majority owner of Negros Navigation which2Go shipping Group)

2017

1) Udenna Infrastructure Corp.
2) Le Penseur Inc.
3) PH Travel and

Leisure Holdings Corp.
4) Udenna Water Integrated Service Inc.
5) Valueleases Inc.
6) Clark Global City Corp. (177-hectare Global Gateway Logistics City in Clark)
7) Aetos Air Philippines Inc.
8) Lapu-Lapu Leisure Inc. (casino)
9) Donatela Hotel Panglao Corp.
10) Starlite Ferries

Inc.
11) Worklink Services Inc.
12) Phoenix LPG Philippines Inc.
13) Duta Inc. (owner of Petronas LPG)
14) Kaparangan Inc.
15) Enderun Colleges Inc.
16) ADF Enderun 1010 Inc.
17) Lapu-Lapu Land Corp.
18) Global Gateway Development Corp. (GGDC) (Cayman)
19) GGDC Holdings Inc.

(Cayman)
* The Cayman firms were used for his P50.2 billion takeover of the Clark project from Kuwaiti investors

2018

1) Philippine FamilyMart CVS, Inc.
2) Joint venture with TIPCO Asphalt Public Company Limited (TIPCO Asphalt)
3) Pos!ble.net, a digital payment

startup (P72 million)
4) Restauarnt chian Conti’s Holdings Corp. (CHC)
5) H2O Ventures Corp. (Calapan Waterworks Corp.)
6) PXP Energy Corporation (formerly Philex Petroleum Corporation)
7) Autostrada Motore Inc.(Philippine Ferrari distributor)

Before Duterte won as president, Uy

formed or bought into less than a dozen firms in 20 years since his first investment:

1) Udenna Trade Corp. (2014)
2) Udenna Tower Corp. (2014)
3) Udenna Capital Inc. (2012)
4) Udenna Energy Corp. (2010)
5) Udenna Environmental Services Inc. (2010)
6) Udenna Development Corp.

(2010)
7) Udenna Managements and Resources Corp. (2007)
8) Phoenix Petroleum Holdings Inc. (2007)
9) Phoenix Udenna Insurance Brokers Inc. (2007)
10) Global Synergy Trade and Distribution Corp. (2007)
11) Calaca Industrial Seaport Corp. (1996)

These figures were culled from the

report made by Uy to the Securities and Exchange Commission in compliance with the disclosure requirements for its backdoor listing through ISM Communications Corp. of Marcos crony Roberto V. Ongpin to hold Uy’s P72 billion assets.

LINKS: politics.com.ph/uberpacman-dut…

bilyonaryo.com.ph/2018/11/02/deb….