MerryMart Consumer Corp. (PSE:MM) signed an Agreement to acquire a 25% stake in ZC Ramthel Corporation from a group of shareholders on November 8, 2021. The current Management team of ZC Ramthel will continue to run the operations in tandem with the MerryMart team. The transaction has been approved by the Board of Directors of MerryMart on November 8, 2021. Fortman Cline Capital Markets Limited acted as a financial advisor to ZC Ramthel Corporation

MerryMart Consumer Corp. (PSE:MM) completed the acquisition of 25% stake in ZC Ramthel Corporation from a group of shareholders for approximately PHP 120 million on March 8, 2022. As part of the consideration, 90% of the purchase price was paid simultaneous to the signing of the Agreement while 10% of the purchase price shall be held as retention to be released over three years.