By continued use, you agree to our privacy policy and accept our use of such cookies. Dennis Uy, who was only 29 years old at that time, saw the opportunity to grab a piece of the market by opening his own oil trading company in Davao City. This video is about Dennis Ang Uy. It later evolved into Converge, the fiber optics provider that steadily expanded until its success skyrocketed in 2019 when one of the world’s biggest private equity firms, Warburg Pincus, took an interest in the local cable operator and invested $250 million in what turned out to be the little telco that could. Dennis Uy founded a petroleum trading business in 2002, now the largest independent fuel retailer and the Philippines’ third largest oil company, Phoenix Petroleum. He decided to start his own business to gain independence as he felt that he did not have the freedom he aspired for himself working for his family. Uy worked with his family for ten years and at one point ran seven firms simultaneously. Dennis Ang Uy [2] (born September 26, 1973 [3]) is a Chinese-Filipino businessman and diplomat who is a native of Davao City and is the founder of Udenna Corporation which has stakes in various businesses including Phoenix Petroleum.He is also the chairman of 2GO Group, a transport and logistics company based in the Philippines.. A Pampanga native, Uy moved to the province when he was 11 years old after immigrating from China, and learned to assimilate into his new host country despite not speaking a single word of English or Tagalog. PH Resorts Chairman Dennis A. Uy (4th from left) and wife Cherylyn C. Uy (2nd from left) with PAGCOR Chairman and CEO Andrea D. Domingo (middle) and … Dennis Uy, chairman and CEO of Philippines' Phoenix petroleum company, delivers his speech at the Philippine Stock Exchange in the financial district of Makati on July 11, 2017, on the company's tenth anniversary of its listing. Che realizes her family is extremely lucky to live the lives they do, and she would like her children to understand the value of hard work and what it takes to replicate their success for their own future. ... as Uy and his wife Cherylyn contributed P31 million to President Rodrigo Duterte's campaign fund in 2016. The wife of Udenna Corp’s Dennis Uy, the mother of three welcomed Lifestyle Asia in her home. He’s From Pampanga. A Pampanga native, Uy moved to the province when he was 11 years old after immigrating from China, and learned to assimilate into his new host country despite not speaking a single word of English or Tagalog. “The attention overwhelms me,” says Che. Dennis Uy's Udenna Corporation bought 100 million common shares of Atok-Big Wedge Co. Inc. at the negotiated price of P2.00 per share or a total of P200,000,000. En­gi­neer Den­nis An­thony H. Uy started from the bot­tom of the busi­ness pyra­mid. Businessman Dennis Uy is stepping down as president of Dito CME and has named former PLDT executive Ernesto Alberto as his replacement to temper 'balance of … “My husband’s only request was a room with green in it,” she says, “because green is his favorite color.”, Well-known in business circles and Davao society, the Uys were recently thrust in the public sphere with Dennis’ businesses a current topic of discussion. PeopleAsia trains the spotlight on new names to watch out for—icons in the making from the fields of business, fashion, arts and more! Billionaire in 3 Minutes Dennis Uy is an example of patience and timing is important to success. “It’s a blessing, as I am able to spend more time with him and we learn from each other as well,” she shares. He is also on the board of Granland Resources Corp. and Aquamines Philippines, Inc. and Director-Davao Chapter at Philippine National Red Cross. He ranked 14th in the previous year with $1. As per the company’s statement to the Philippine Stock Exchange, Uy has resigned ” “to foster an appropriate balance of power, increased accountability, and better capacity for independent decision-making”. Founder of Phoenix Petroleum Philippines, Inc., Domingo T. Uy presently is Chairman at Granscor Corp. and Chairman for Phoenix Petroleum Philippines, Inc. As President from 1965 to 1986, Marcos declared Martial Law (1972-1981) and ruled as a dictator. "Every time people ask [what Udenna means], I joke it is the Greek name for handsome," he shared with a hearty laugh. The millionaire is on his way to be a billionaire now that Converge has filed its $726 million initial public offering, which could become the largest IPO in the local stock exchange’s history. In college, he started his first business at Holy Angel University, selling Betamax and tapes... Cherylyn is also so down-to-earth, and his stunning wife Cherylyn is also on the board of Granland Corp.. 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