, Philippines

Philippines’ Fruitas to buy Ling Nam restaurant with Balai IPO proceeds

The IPO raised some P203.8m in net proceeds.

Fruitas Holdings (FRUIT) is planning to acquire Ling Nam Wanton Parlor and Noodle Factory with the proceeds from the listing of its Balai ni Fruitas (BALAI). 

The initial public offering of BALAI raised about P203.8m in net primary proceeds and gross proceeds of P35m for FRUIT. 

“FRUIT is expected to book a one-time gain on the sale of existing shares in Balai ni Fruitas, which will result in an increase of its equity,” FRUIT said in a statement.

“Proceeds at the FRUIT level will be deployed into new strategic initiatives, including the  acquisition of ‘Ling Nam Wanton Parlor and Noodle Factory since 1950’.”

Read more: PH F&B company Fruitas ventures into healthcare

The IPO was launched last 30 June. It took place about one year since FRUIT acquired assets of the Balai Pandesal business. 

It has since expanded the Balai Pandesal brand to 30 stores, as of June 2022, from only 5 stores initially. 

BALAI targets to expand its Balai Pandesal store network to 130 by 2023, and to 200 by 2026. 

“The Company also targets to acquire or introduce value-adding concepts which would fit into its baked goods lineup,” FRUIT noted.  

“The Company continues to look at significant opportunities within the more than US$6b baked goods segment in the Philippines.”

Follow the link for more news on

Kawan Lama Indonesia mengaburkan batas antara belanja online dan offline

Pengunjung  platform e-commerce grup, Ruparupa.

K3Mart memadukan budaya Korea dan produk UMKM lokal dalam satu gerai

Convenience store itu menyediakan perbandingan produk impor dan produk lokal sebesar 50:50 di 30 outlet mereka.

Meningkatkan penelusuran dan efisiensi manajemen inventaris dengan barcode 2D GS1

Barcode 2D ini berfungsi sebagai penyimpanan data yang kompak.

The Coffee Bean & Tea Leaf menyeimbangkan kualitas dan kenyamanan melalui produk ritel

Mereka memperluas rangkaian produk termasuk berbagai kopi single-origin yang disesuaikan dengan preferensi pemanggangan yang berbeda.

KCG menguasai brand positioning untuk segmen premium di Indonesia

Mereka mengadopsi solusi berbasis teknologi terbaru untuk sukses mengelola 92 toko ritel di 20 kota di Indonesia.

Ini alasan brand-brand mewah meningkatkan investasi AI

Sektor ini telah menginvestasikan lebih dari $360 juta dalam AI selama tiga tahun terakhir.

Bacha Coffee menguasai retail kaya sensorik di Jakarta

Memadukan warisan dan kemewahan, Bacha Coffee Plaza Senayan menghadirkan pengalaman unik bagi pecinta kopi Indonesia.

Bagaimana WCT Malls meningkatkan penjualan tenant melalui pemasaran terarah

Melalui pemasaran terarah, mal ini meningkatkan penjualan tenant dan tingkat okupansi.