BRIEF-Fruitas Says It Authorized IPO Of Unit Balai Ni Fruitas, Inc

Dec 27 (Reuters) – Fruitas Holdings Inc FRUIT.PS:

• BOARD AUTHORIZED IPO OF UNIT BALAI NI FRUITAS, INC

• BALAI PLANS TO RUN OFFER PERIOD IN MARCH 2022 & TARGETS TO LIST ON PSE’S SME BOARD BEFORE END OF FIRST QUARTER OF 2022

• MAXIMUM PRICE OF 0.75 PESOS PER COMMON SHARE FOR IPO

• TO OFFER UP TO 50 MILLION COMMON SHARES OF BALAI AS PART OF BASE OFFER & AN ADDITIONAL UP TO 37.5 MILLION COMMON SHARES AS OVERALLOTMENT OPTION

Source text for Eikon: ID:nPSX2wltMz

Further company coverage: FRUIT.PS

((Reuters.Briefs@thomsonreuters.com;))