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Economy 1 MIN READ

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

December 27, 2021

By Reuters

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;))

This article originally appeared on reuters.com

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