MACAY Holdings Inc., the food and beverage holding firm of businessman Alfredo Yao, plans to sell new shares to the public to raise fresh capital and make its stock more liquid.

“We want to increase our public float by up to 20 percent. At present, 10 percent of our shares are owned by the public. We want to expand it to 30 or even 35 percent,” Macay chairman Alfredo Yao said on the sidelines of the company’s stockholders’ meeting on Wednesday.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details