Monde Nissin Corporation Invests in Amico

At its meeting held on September 9, 2024, Monde Nissin Corporation’s Executive Committee authorized the company to subscribe for 87,500 shares, or which is expected to be 70%, of the outstanding common shares of Amico Innovations, Inc.

The subscription price for Amico’s 87,500 outstanding common shares is P17.5 Million based on par value. This subscription will happen on or before September 30, 2024.

Amico is a Philippine domestic corporation in the process of being incorporated for the primary purpose of engaging in the importing, exporting, repacking, processing, buying, selling, marketing, distributing, trading or otherwise dealing in (on wholesale basis and to the extent allowed under Philippine law, on retail basis) all kinds of goods, wares, and merchandises, which are or may become articles of commerce, among others.

Monde Nissin Corporation is a global food and beverages company headquartered in the Philippines, with a portfolio of iconic and market leading brands across fast-growing categories, including Lucky Me! noodles, SkyFlakes crackers, Fita crackers, Monde baked goods and Quorn meat alternative products. The Company aspires to improve the well-being of people and the planet, and create sustainable solutions for food security. That aspiration is reflected in our commitment to continuously improve our products to make them more delicious, nutritious, and better for the planet.