Super Group, the manufacturer of three-in-one coffee, has increased its investment in its joint venture company, San Miguel Super Coffeemix Co., Inc.
The group says subsidiary Super Coffee Corporation has injected Philippine Pesos 15.4 million ($469,000) and subscribed to 1.54 million shares of Philippine Pesos 10 each in the share capital of Share Miguel Super.
Subsequent to the additional investment, Super Coffee Corporation’s equity interest in San Miguel Super now stands at $1.88 million or 6.15 million shares of Philippine Pesos 10 each.
Super Group says the additional investment was made in accordance with its 70% interest in San Miguel Super.
San Miguel Pure Foods Company Inc., the other joint venture partner, has also injected Philippine Peso 35.9 million and subscribed to 3.6 million shares of Philippine Pesos 10 each in the share capital of San Miguel Super, in accordance with its 70% stake.
The additional funds are intended for the working capital of San Miguel Super.
Super Group closed 1.2% lower at 81 cents.
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The group says subsidiary Super Coffee Corporation has injected Philippine Pesos 15.4 million ($469,000) and subscribed to 1.54 million shares of Philippine Pesos 10 each in the share capital of Share Miguel Super.
Subsequent to the additional investment, Super Coffee Corporation’s equity interest in San Miguel Super now stands at $1.88 million or 6.15 million shares of Philippine Pesos 10 each.
Super Group says the additional investment was made in accordance with its 70% interest in San Miguel Super.
San Miguel Pure Foods Company Inc., the other joint venture partner, has also injected Philippine Peso 35.9 million and subscribed to 3.6 million shares of Philippine Pesos 10 each in the share capital of San Miguel Super, in accordance with its 70% stake.
The additional funds are intended for the working capital of San Miguel Super.
Super Group closed 1.2% lower at 81 cents.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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