Deal on P3.75-billion AgriNurture shares struck

AgriNurture Inc. announced on Wednesday that Ocean Biochemistry Technology Research Inc. (OBTI) and Greenergy Holdings Inc. (GHI) had entered into a subscription agreement on the issuance of shares worth P3.75 million. In a disclosure, the listed food producer said OBTI and GHI would issue 37,500 common shares at a par value of P100 each. OBTI is into manufacturing and trading, and is 51-percent owned by M2000 Imex Co. Inc. prior to GHI’s subscription. IMEX is a fully owned subsidiary of AgriNurture. One of the country’s produce exporters, AgriNurture supplies homegrown fruits, such as mango, banana and pineapple to customers in Hong Kong, China, the Middle East and Europe. AgriNurture shares added 21 centavos or 2.92 percent to finish at P6.99 apiece on Wednesday.