LBC Express Holdings, Inc. acquired LBC Mabuhay Saipan, Inc. from Santiago G. Araneta, Fernando G. Araneta, Maria Monica G. Araneta, and Juan Carlos G. Araneta for $0.02 million.
March 07, 2018
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LBC Express Holdings, Inc. (PSE:LBC) acquired LBC Mabuhay Saipan, Inc. from Santiago G. Araneta, Fernando G. Araneta, Maria Monica G. Araneta, and Juan Carlos G. Araneta for $0.02 million on March 7, 2018. Under the terms of the transaction, LBC Express Holdings acquired 0.12 million shares of LBC Mabuhay Saipan at an offer per share of $1.73. The transaction has been approved by Board of Directors of LBC Express Holdings on March 7, 2018.
LBC Express Holdings, Inc. (PSE:LBC) completed the acquisition of LBC Mabuhay Saipan, Inc. on March 7, 2018.
LBC Express Holdings, Inc. is a Philippines-based holding company. The Company is engaged in retail and corporate courier and cargo, money remittance, and logistics services. Its segments include logistics and money transfer services. The main services offered under its logistics business are domestic and international courier and freight forwarding services (by way of air, sea, and ground transport). Its logistics products are geared toward both retail and corporate clients. The money transfer services segment consists of remittance services (including branch retail services, prepaid remittance cards and online and mobile remit) and bill payment collection and corporate remittance payout services. The money transfer services segment includes an international presence through its branches, which comprises international inbound remittance services. The Company has a network of over 6,400 branches, hubs and warehouses, partners, and agents in approximately 30 countries.
LBC Express Holdings, Inc. acquired LBC Mabuhay Saipan, Inc. from Santiago G. Araneta, Fernando G. Araneta, Maria Monica G. Araneta, and Juan Carlos G. Araneta for $0.02 million.
LBC EXPRESS HOLDINGS, INC. 