Tullys Coffee Asia Pacific has yet to be infused into TBCI.
With the integration of Tullys, TBCI expects to raise "more than a billion" pesos from the IPO.
will build three low-rise apartment blocks, called Azizi Gardens, Azizi Park Avenue, and Azizi Greenfield.
Ahead of this equity exercise, the TBCI board approved the issuance of warrants in favor of qualified shareholders of parent firm ANI as of Feb.
In this case, a shareholder of ANI owning at least 2,000 shares will have the right to avail of one TBCI warrant at the strike price of P1 or based on TBCI par value, with a five-year American call option that will expire on Jan.
Tiu said with the infusion of Tullys Coffee Asia Pacific, TBCI could have a market capitalization of up to P4 billion instead of just around P2 billion.
Proceeds from the IPO would be used to expand TBCI in Asia Pacific where Tiu said he could get partners in the different countries for franchising.
is contracted to build three low-rise apartment blocks, named Azizi Gardens, Azizi Park Avenue, and Azizi Greenfield.
Rodrigo Duterte's visit to Beijing last October, TBCI said in a press statement on Monday that it would raise capital expenditures for such offshore expansion.
Ahead of this equity exercise, the board of TBCI approved the issuance of warrants in favor of qualified shareholders of its parent firm ANI as of record date Feb.
ANI, which is engaged in the trading and distribution of fresh fruits and vegetables in the Philippines, acquired TBCI
in 2011 as part of its strategy to integrate and complete its vision of becoming a global leader in providing nutrition from farm to fork.
To date, there are eight FandB brands in the TBCI
roster catering to a variety of market segments.