Friday 16 November
Powered by Ajaxy
Nov 9, 2018 @ 10:17

San Miguel’s F&B arm raises P34.08B from re-sale of shares

 

San Miguel Food and Beverage Inc. successfully raised P34.08 billion from its follow-on offering despite volatile markets.

In a disclosure to the Philippine Stock Exchange, SMFB said the offering was completed on Nov. 6 wherein a total of 400.94 million common shares were sold at P85 apiece.

SMFB is the country’s leader in beer, gin, branded processed meat, butter, animal feeds and fresh meat.

Its parent firm San Miguel Corp. plans to use proceeds from the share sale to invest in existing businesses as it pursues an aggressive expansion program to spur faster growth.

Please follow and like us:

Tags: , , , , , , , , , , ,

Related Stories
Apple on Thursday delivered blockbuster earnings, but saw shares punished after a disappointing holiday season
Davao-based businessman Dennis Uy is taking a substantial stake in PXP Energy Corp, which will
The controlling shareholder of Melco Resorts & Entertainment Philippines will finally launch its tender for
The TV host's date at the very first Star Magic Ball might make you believe


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.