The Udenna Corporation is a Philippines-based holding company involved in petrochemicals, logistics, property development, education, food, gaming, tourism, infrastructure and telecommunications.[1]
History
The Udenna Corporation was incorporated on March 19, 2002.[2] It was founded by Davao City businessman Dennis Uy who decided to establish the company after quitting his family businesses in Mindanao. "Udenna" was derived from Uy's full name, Uy Dennis Ang. Phoenix Petroleum was organized as the first unit of Udenna. It was first involved in managing oil terminals as the Davao Oil Terminal and Services Corporation in the early 2000s but was later renamed Phoenix Petroleum in 2005 and went on retailing petroleum products. Phoenix Petroleum went public in 2007.[3]
To supplement Udenna's petroleum business,