LUCIO CO-led retail holding firm Cosco Capital Inc. has set a 4-percent increase in 2019 capital expenditures (capex), to P5.8 billion from P5.6 billion last year, to be primarily used for expansion.
In a presentation to investors, Cosco Capital said subsidiary Puregold Price Club Inc. would be given the bulk at P5.2 billion, with the rest going to the property business (P500 million) and Office Warehouse (P75 million).
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