MACAY Holdings Inc. and Zest-O Corp., two beverage manufacturing and bottling firms majority-owned by businessman Alfredo Yao, have drawn the line when it comes to product strategies and development efforts.
In a disclosure to the Philippine Stock Exchange (PSE), Macay Holdings said it signed letter of undertaking (LOU) set forth by Zest-O on how to govern the product strategies and development efforts of both companies given that their principal shareholder is one and the same.
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