AnnouncementsBusinessFinancialsNewsSectors

MAKE: Acquisition of Operating Assets of Mega Asia Bottling

Maybank ATR Kim Eng Financial Corp. (PSE: MAKE) subsidiary ARC Refreshment Corp. will acquire substantially all the operating assets of Mega Asia Bottling Corp. consisting of machinery and equipment used in the operation of Mega Asia and such other assets deemed necessary for bottling operations.

The subsidiary will also acquire the operating assets of Asiawide Refreshment Corp. including but not limited to machinery and equipment, bottles, inventories, receivables, and other assets acquired in the course of Asiawide’s operation; as well as assume some liabilities of Asiawide, which were incurred in the normal course of business such as but not limited to accounts payable and loans payable.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.