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FRUITAS Holdings, Inc. looks to raise up to P1.2 billion from a maiden share sale by December, joining the roster of companies seeking to go public in 2019.
The proceeds will be used to fund our store network expansion across the Philippines and expand our commissary to serve more customers,” Fruitas President and Chief Executive Officer Lester C. Yu said in a statement.
“New capital will also be used towards acquisition of food service businesses and introduction of new concepts which have a strategic fit with our operations.”
Source: Fruitas targets to raise up to P1.2 billion from IPO | BusinessWorld
