Jan 10, 2014
NXT gets into the booze biz. NXT is currently involved in smart card and BPO operations
Via Interaksyon
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NXT gets into the booze biz. NXT is currently involved in smart card and BPO operations
Via Interaksyon
MAKE will acquire all operating assets of Mega Asia Bottling Corp and other assets required for bottling operations
MAKE will acquire all assets of Asiawide Refreshment Corp, including fixed assets, inventories and liabilities.
Via PSE Edge
MAKE discloses it has acquired 249.999 million shares of ARC Refreshments, the RC Cola business of businessman Alfredo Yao.
The Yao group current owns a 89.75% stake in MAKE, bought through Yao-led subsidiary Mazy's Capital Inc.
Asiawide Refreshments Corp has an exclusive license from RC Cola to manufacture and distribute RC Cola in the Phil and across SE Asia.
Via Inquirer
In a Business World telephone interview, Alfredo Yao bared plans for consolidation of the firms involved in the production and distribution of RC Cola. Consolidation will be accomplished via share swap.
The Yao owned Mazy's Capital had earlier acquired backdoor listing vehicle MAKE.
The RC Cola backdoor listing will be a "prelude" to its Asiawide Refreshment's regional expansion, which seeks to expand into Thailand and Myanmar.
Via BusinessWorld Online
Alfredo Yao will back door RC Cola licensee Asiawide Refreshments Corp through shell company MAKE however, any listing would most likely take place in Q1 2014 according to Yao.
Yao had earlier purchased an 89.75% in MAKE.
Via Inquirer
Trading suspension of MAKE will be lifted tomorrow @ 9:00 am, Oct 1 2013
Mazy Capital purchase price of P3.3298/share for ~958 million shares is based on MAKE's current NAV
Via Disclosures
Maybank Group, through holding Company Maybank Kim Eng Hldgs Ltd., restructured its Phil. business to directly own 100% of investment house Maybank ATR Kim Eng Capital Partners Inc.
Maybank Group through Maybank ATR Capital is now the investment holding company for all operating subsidiaries of Maybank in the Phils. Previously, Phils subsidiaries were only 89.75% indirectly owned through MAKE (listed)
After Maybank Group acquired Maybank Kim Eng Hldgs, it took Maybank Kim Eng private. Maybank Group's ultimate goal was to privatize operations in the Phils while protecting minority shareholders.
Maybank Group continues to operate in the Phils through commercial bank Maybank Phils an through ATR and subsidiaries.
Via Disclosures
In connection to the Bworld article on Sep 18 2013 "Backdoor listed firm readies share sale" AGI clarifies that-
1. AGI will be selling shares of TSI not Emperador
2. Final pricing of the IPO will be Sep 19 2013
Via Disclosures