Philippines tycoon Dennis Uy has big plans for his shipping companies after an IPO in Manila scheduled for July.
He told reporters that his Phoenix Petroleum company is seeking to supply ro-pax and ro-ro affiliate 2Go Group with bunkers in a move that could boost the oil trader's revenue by 7%, according to Bloomberg.
Uy, who is president of both companies, has launched a $161m IPO for his Chelsea Logistics Corp (CLC).
