NEWS UPDATES

• Puregold formalizes entry in remittance business

  SUPERMARKET operator Puregold Price Club Inc. on Monday said it secured its stockholders’ approval that will expand its business to offering remittance service to tap mainly overseas Filipino workers (OFWs).

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• Puregold allots P2.64B for 2016 capital expenditures
  

  INVESTMENT. Puregold Vice President for Operations Antonio de los Santos says the firm invested P3.4 billion in 2015 but this included P1.5 billion for acquisitions this year. 

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• Co's Puregold diversifies into pharma distribution

  PUREGOLD Price Club Inc., which is led by businessman Lucio Co, has been given the leeway to enter the pharmaceutical distribution business as a way to diversify its product offering to consumers.

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• Cosco taps banker to advise its board

  Lucio Co-led Cosco Capital, Inc. has tapped veteran investment banker Roberto Juanchito Dispo as one of its advisers.

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• Puregold allots P2.6-B capex for 2016

  Puregold Price Club Inc. is allotting P2.6 billion for its capital expenditure budget next year, mainly to fund the continuing expansion nationwide of its various retail formats and quick service restaurant chain.

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