Firm reallocates proceeds from IPO

By Ed Paolo Salting

Feb 22, 2023 12:26 am

Balai ni Fruitas will be reallocating the proceeds from last year's initial public offering (IPO) to expand capacity.

The firm's board of directors increased the amount earmarked for commissary set-up by P40 million to P60 million. The amount was taken from the store network expansion and store improvement outlay which fell to P123.8 million.

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