ARC Refreshments Corp., a beverage unit of businessman Alfredo Yao’s Macay Holdings Inc., has withdrawn plans to acquire two manufacturing facilities of Zest-O Corp.

In a disclosure, Macay said that the board of directors of RC Cola maker and distributor ARC Refreshments “resolved not to pursue the acquisition of two bottling lines located in Kaybiga, Novaliches and Canlubang, Laguna owned by Zest-O Corp.”