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Dennis Uy's wife quits Dito ahead of entry of new investor
The Philippine Star
|April 05, 2025
The wife of tycoon Dennis Uy has stepped down as treasurer of Dito CME Holdings Corp. ahead of his husband's plan to give up majority control to a Singapore-based investor.
Dito CME yesterday said Cherylyn Chiong Uy, the wife of its founder, resigned from her role as treasurer effective last Thursday, citing personal reasons.
Uy remains a director of Dito CME, which is struggling to get out of its piling debts, compelling the Udenna Group to sell down its stake.
In February, Dito CME received approval from the Philippine Competition Commission (PCC) to proceed with its plan to transact with Summit Telco Corp. Pte. Ltd. The investor, headquartered in Singapore, looks to subscribe to nine billion primary common shares in Dito CME.
Diese Geschichte stammt aus der April 05, 2025-Ausgabe von The Philippine Star.
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