Stay updated with breaking news from Muzic Wafer. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Universal Robina Corp. (URC), the food group of the Gokongweis, said it is buying Malaysia’s Munchy Food Industries Sdn Bhd for P22.9 billion or RM1.92 billion on a cash-free and debt-free basis. In its disclosure, the company said the acquisition will make the local unit of URC in Malaysia the…
URC said the acquisition will add value to the firm's international product portfolio.
After selling its ventures in Australasia, food and beverage conglomerate Universal Robina Corporation (URC) is beefing up its presence in Southeast Asia with the acquisition of Malaysia’s Munchy Food Industries Sdn. Bhd. for about P22.86 billion. In a disclosure to the Philippine Stock Exchange, I