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Alfredo Yao's Macay to buy RC Cola global rights for $46 M - Vimarsana News

Alfredo Yao's Macay to buy RC Cola global rights for $46 M

Macay Holdings, Inc. (MACAY) is acquiring 100 percent of RC Global Beverages, Inc. (RCGBI), which owns the rights to the RC Cola brand globally, at a total cost of about $46 million. In a disclosure to the Philippine Stock Exchange, Macay said its Board of Directors has approved the proposed acqui

Source: mb.com.ph
Yao’s Macay Holdings acquires RC Cola firm - Vimarsana News

Yao’s Macay Holdings acquires RC Cola firm

Macay Holdings Inc., the holding company chaired by Alfredo Yao, will acquire RC Global Beverages Inc., which owns the rights to the RC Cola brand globally, allowing Macay to expand overseas.