In its May 24 meeting, the commission en banc resolved to render effective the registration statement of Balai ni Fruitas covering up to 1.495 billion common shares, subject to the company’s compliance with remaining requirements.
The company said it will use the proceeds for store network expansion, commissary setup, introduction of new concepts, and potential acquisitions. The company tapped First Metro Investment Corp. as issue manager, bookrunner, and underwriter for the offer.
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