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.
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.