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Topics: Positive psychology, Investment, Gratitude Pages: 3 (1014 words) Published: May 26, 2014
2GO Group Inc. is a Philippines-based company engaged in transporting people and cargo using the fleet of inter-island ferries and cargo ships of the former ATS (Aboitiz Transport System)–-which owned the brands SuperFerry,Cebu Ferries and SuperCat—and Negros Navigation. The China-Asean Investment Cooperation Fund, an investment fund set up by the Chinese government, is the controlling stockholder.[1][2] The company has the largest infrastructure in the Philippines with over 400,000 TEU capacity (approximately 50% market share of domestic Philippine freight), 16 passage and freight vessels, 15,000 containers, 35 warehouses nationwide, 550 trucks, and 7,000 employees.[3] Company history[edit]

The first precursor company to 2GO Group Inc. began on May 26, 1949. Eventually, the Aboitiz Transport System was formed by, first, the break up of WG&A SuperFerry into SuperFerry and Carlos A. Gothong Lines and then the merging ofSuperFerry with Cebu Ferries and SuperCat fast ferries to form the Aboitiz Transport System.[4] In December 2010, the former major stockholders of the company, namely Aboitiz Equity Ventures and Aboitiz and Company Inc. sold their shares to Negros Navigation Co. Inc. (NENACO), for US$105 million.[4] The equity value included all the logistics and shipping businesses of the company, except its interest in its joint ventures with the Jebsen Group of Norway. At the same time, December 2010, Negros Navigation announced that the China-Asean Investment Cooperation Fund acquired a controlling stake in the company through an equity infusion. The China-Asean Investment Cooperation Fund is aNetherlands-based,[a] private equity firm wholly owned and controlled by the Government of the People's Republic of China.[2][4][6] Because Negros Navigation was a privately held firm the exact amount invested by the Fund was not disclosed.[1]In short, the mainland Chinese government set up the China-Asean Investment Cooperation Fund, which then among other investments...

References: 2. ^ Jump up to:a b Gamboa, Rey (August 20, 2013). "Keeping our seas safe". Philippine Star. Retrieved 12 September 2013.
4. ^ Jump up to:a b c Cacho, Katlene O. (December 1, 2010). "Aboitiz sells transport unit". Sun Star Cebu. Retrieved 3 February 2013.
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