PCC: Trans-Asia deal voided and fined; Chelsea-2Go transaction cleared

PRESS RELEASE 2018-011 3 July 2018   PCC: Trans-Asia deal voided and fined; Chelsea-2Go transaction cleared   The Philippine Competition Commission (PCC) nullified the acquisition by Chelsea Logistics Holdings Corp. of Trans-Asia Shipping Lines Inc. and imposed a P22.8M fine for their failure to notify the antitrust commission about the transaction in December 2016. The… continue reading ››

Commission Decision 29-M-036/2017 Acquisition by Chelsea Logistics Holdings Corp. of Shares of Stock of Starlite Ferries Inc.

Commission Decision 29-M-036/2017 Acquisition by Chelsea Logistics Holdings Corp. of Shares of Stock of Starlite Ferries Inc.   ABSTRACT:   The Notified Transaction involves the proposed acquisition by Chelsea Logistics Holdings Corp. (CLHC) of shares of stock of Starlite Ferries, Inc. (Starlite). CLHC is a Philippine-registered holding company which, through its wholly-owned subsidiaries, engages in… continue reading ››