MANILA, Philippines — Fruitas Holdings Inc. (FHI), a food and beverage kiosk operator in the Philippines, has priced its initial public offering (IPO) at P1.68 per share. BDO Capital & Investment Corp. president Eduardo V. Francisco said the company agreed to price the issue at P1.68 per share to ensure a healthy performance of the stock upon listing. FHI, chaired by businessman Lester Yu, said proceeds would be used to expand the company’s network of food kiosks. These are the fruit shakes under Fruitas; coconut beverages under Buko ni Fruitas; meat-filled pastries under De Original Jamaican Pattie, and lemonade Johnn Lemon. The company will be the fourth company to list in the Philippine Stock Exchange this year after Kepwealth Property Philippines, AllHome and Axelum.

Source: Philippine Star November 14, 2019 17:00 UTC