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Nov 6, 2017 · The company's authorized capital will be increased to P12 billion, divided into 11.6 billion common shares, with a par value of P1 apiece. It will also have 40 million preferred shares with a par value of P10.00 per share. The transaction entails a change in corporate name to San Miguel Food and Beverage Inc. from San Miguel Pure Foods Company Inc.
San Miguel Corporation acquired Pure Foods Corporation in 2001 and renamed it San Miguel Pure Foods Company, Inc. Through this acquisition, San Miguel entered the flour industry and expanded its presence in feeds, poultry and processed meats, the latter through The Purefoods Hormel Company, Inc., a joint venture with Hormel Foods International.
San Miguel Food and Beverage, Inc., doing business as San Miguel Foods (formerly Pure Foods Corporation and San Miguel Pure Foods Company, Inc.), is a Philippine food and beverage company headquartered in Pasig, Metro Manila. It is the largest food and beverage company in the Philippines, with nearly 3,000 employees deployed in a nationwide network of offices, farms, manufacturing, processing ...
Jan 19, 2018 · Following the approval of the merger by the board of directors of San Miguel Pure Foods on 3 November, shareholders gave the green light to the proposal on 18 January, according to a filing with ...
- Dean Best
Nov 9, 2017 · San Miguel Pure Foods Co Inc will be renamed San Miguel Food and Beverage Inc and expand to include alcoholic and non-alcoholic drinks. A company filing to the Philippine Stock Exchange stated that San Miguel Pure Foods will acquire 7.859bn common shares of San Miguel Brewery Inc (SMB) and 216.972m shares of Ginebra San Miguel Inc (GSMI) from parent SMC, which will then subscribe to 4.242bn ...
Mar 9, 2024 · In 2023, SMFB earned a “record profit” of P38 billion, its highest since the company consolidated its beer, food, and spirits (gin) business units six years ago. (READ: San Miguel nets P43.2 ...
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Aug 6, 2021 · San Miguel Foods, a division of San Miguel Food and Beverage, Inc., is comprised of leading food companies in the Philippines. Its products and services span across the entire value chain—from animal feeds, fresh chicken, and fresh meats to processed meats, ready-to-eat food, flour, dairy, spreads, and coffee—making it undoubtedly the most diversified food player in the country today.
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