2 weeks Fruitas eyes expansion, new headquarters Manilatimes |Biz
Listed Fruitas Holdings Inc. (FHI) is reallocating the proceeds from its initial public offering to fund the acquisition of the site of its coconut water commissary and new headquarters. In a disclosure on Monday, the food and kiosk operator said its board approved the fund reallocation. An additional P20 million would go to the commissary expansion to cover the acquisition of the 1,328-square meter (sqm) site of the buko (coconut) water commissary in Quezon City, while P145 million was allocated for the acquisition of the site of its new headquarters. FHI said the site of the new headquarters located ... more