2 weeks Fruitas picks up vital property assets Inquirer
Leading food and beverage kiosk operator Fruitas Holdings Inc. seeks to future-proof its business by reallocating part of its initial public offering (IPO) proceeds to invest in real estate assets deemed vital to its operations. In a disclosure to the Philippine Stock Exchange on Monday, Fruitas said its board had approved the reallocation of IPO funds to cover the acquisition of the site of its buko water commissary and its new headquarters. Based on the disclosure, P145 million has been reallocated for the acquisition of the site of its new headquarters, measuring more than 900 square meters with a five-storey ... more