Balai ni Fruitas uses IPO proceeds for expansion

By Brix Lelis

Jan 16, 2024 12:21 am

BALAI ni Fruitas Inc. reported on Monday that it had disbursed some P51 million out of the proceeds of its initial public offering (IPO) to fund its business expansion in the last quarter of 2023.

In a regulatory filing, the company said it used the funds for store network expansion and improvement as well as commissary setup.

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