MANILA (Bloomberg): The business empire of Philippine tycoon Dennis Uy (pic), which recently made headlines with a notice of default, may face nearly US$700 million (S$959 million) worth of loans maturing this year.
The most recent financial report of Uy-backed Dito CME Holdings, covering the quarter through end-March and published in late May, lists subsidiary Dito Telecommunity - a venture with China Telecommunications Corp. - as having taken out the money with three different Bank of China (BOC) branches.
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