FRUITAS Holdings Inc. (FRUIT) on Tuesday announced its entry into the roasted chicken chain segment with the acquisition, by its wholly owned subsidiary Negril Trading Inc., of a 60-percent stake in Bigboks Enterprises Inc.
FRUITAS Holdings Inc. on Tuesday announced its entry into the roasted chicken chain segment with the acquisition, by its wholly owned subsidiary Negril Trading Inc., of a 60-percent stake in Bigboks Enterprises Inc.'The transaction represents the Fruitas Group's entry into the roasted chicken segment, broadening the product offerings under the House of Fruitas .
, FRUIT's 100-percent owned subsidiary, subscribed to new shares of Bigboks Enterprises Inc., making it a 60-percent shareholder of Bigboks Enterprises Inc.' Fruitas said.'Bigboks Enterprises Inc. will use most of the proceeds to acquire assets related to the Mang Bok's business from Boksbro Inc.,' it added.Negril subscribed to 960,000 shares at an agreed price of P9.23 apiece.'Negril... will pay its subscription in Bigboks Enterprises Inc.
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