The firm listed 1.49 billion primary and secondary shares on the small, medium, and emerging board of the Philippine Stock Exchange . It trades under the ticker BALAI.
In its disclosure on Thursday, the company announced that a total of 37.5 million option shares at 70 centavos apiece were sold during the offer period. Balai Ni Fruitas is a food and beverage company that offers coconut-based beverages and desserts through brands such as Buko Ni Fruitas, Fruitas House of Desserts, and Balai Pandesal. It is a wholly-owned subsidiary of Fruitas Holdings.
Analysts said that the lukewarm reception of the firm’s listing was due to inflation fears amid skyrocketing commodity prices.
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