CANNED sardines manufacturer Mega Global Corp. announced its plan for an initial public offering once it reaches its 50“We will be able to take it public when we turn 50,” said Marvin P. Tiu Lim, chief growth and development officer of Mega Global’s Mega Sardines division, in an interview with ANC“We want make sure to continue our company legacy and continue to grow the business,” he added.
“Competition brings the best in all of us and that kind of competition is good to have. It will bring in more innovation, more technology, and make the whole industry livelier. A new entry would be very fun,” Mr. Tiu Lim said.“I foresee the outlook of our industry is growing because of its affordability. It’s a staple product, even more so now, where people really have to tighten their belts,” he said.
“It is a huge problem, but we are hopeful by the start of our fishing season in March, crude oil prices will soften because this really has a big impact on everything we do,” Mr. Tiu Lim said.