Saturday 19 January
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
Japanese trading giant Mitsubishi Corp. raised $225 million from the sale of its stake in
JG Summit Holdings Inc. chairman James L. Go continued to sell down his stake in
Inditex shares closed down nearly five percent on Wednesday after the Spanish retail giant posted
Nickel Asia Corp. has announced a P1.5 billion share buyback plan to be carried out


 

Trending News

Recommended on sister sites

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.