SM Investments Corporation (PSE:SM) acquired additional 40% stake in Goldilocks Bakeshop, Inc., for PHP 4 billion on August 4, 2021. As a result of the transaction, stake of SM Investments Corporation, in Goldilocks Bakeshop, Inc., increased to 74%. The transaction has been approved by the Board of Directors of SM Investments Corporation, in a meeting held on August 4, 2021.

SM Investments Corporation (PSE:SM) completed the acquisition of additional 40% stake in Goldilocks Bakeshop, Inc., on August 4, 2021.