LISTED seafoods processor Alliance Select Foods International, Inc. (ASFII) said on Thursday it is allocating around P30 million capital expenditure (capex) for this year for the acquisition of equipment that will enable the company to introduce new product lines, while boosting its presence internationally.

“[The capex will most likely] in terms of investing, it’s mostly on equipment,” ASFII President and Chief Executive Officer (CEO) Raymond See told reporters on the sidelines of the company’s annual stockholders’ meeting held in Pasig City.

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