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Economy 1 MIN READ

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

December 27, 2021By Reuters
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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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