C08010-2021 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 2,201,641,868 |
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Subject of the Disclosure |
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URC Snack Foods (Malaysia) Sdn Bhd to acquire Crunchy Foods Sdn. Bhd. from Crunchy Limited |
Background/Description of the Disclosure |
On 25 November 2021, URC Snack Foods (Malaysia) Sdn Bhd, a subsidiary of Universal Robina Corporation (“URC”), signed an agreement to acquire 100% of Crunchy Foods Sdn. Bhd. which fully owns Munchy Food Industries Sdn Bhd (“Munchy’s”) and its whollyowned subsidiary Munchworld Marketing Sdn Bhd. The transaction value is MYR 1.925 billion (or approximately 22.9 billion Php equivalent) on a cash-free and debt-free basis. The final consideration will be disclosed upon completion and closing of the transaction. |
Other Relevant Information |
N/A |
Name | Maria Celia Fernandez-Estavillo |
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Designation | Corporate Secretary |