Antonio Tiu to sell P216M worth of AgriNurture shares
Agribusiness firm AgriNurture Inc. expects to raise P216 million from the sale of shares to PPARR Management.
In a regulatory filing, AgriNurture said it would sell 18.62 million shares to PPARR Management, a company engaged in the business of property management and financial investments.
Proceeds from the offering will be used to fund working capital requirements and reduce payables.
The sale is expected to be consummated next month.
AgriNurture is focused.on the importation of rice and export of fruits.