Vitarich Corporation signs MOA with Broilers Club to expand Mindanao footprint

After exhaustive discussions in several meetings, the Board of Directors of the Corporation, upon the recommendation of the Organizational and Business Development Committee, approved the terms and the execution of the Memorandum of Agreement (MOA) between: (a) Vitarich Corporation (VITA); (b) Broilers Club, Inc. (BCI); and (c) the shareholders of BCI (BCI SHAREHOLDERS) during its special meeting held on 1 September 2025, where a quorum was present and acted all throughout.

The MOA pertains to the Corporation’s purchase of any or all of the following: breeder farm facilities in Davao Del Sur, including land, improvements, equipment, 125,000 common shares of stock and advances of BCI SHAREHOLDERS in BCI, a private domestic corporation engaged, among others, in poultry and egg production, up to a total transaction value of Two Hundred Eighty Million Pesos (P280,000,000.00).

The above-mentioned transactions are conditioned upon the results of the due diligence review by the Corporation, which will commence upon the execution and signing of the MOA, and which shall be completed within ninety (90) days from the completion of all the documents requested from BCI and BCI SHAREHOLDERS. Should the conditions be fully satisfied and the intended transactions eventually materialize, the above-mentioned facilities will be used as VITA’s breeder farm, while BCI will become a subsidiary of VITA. At present, the transaction is not seen to have any adverse effects on VITA’s operations. Rather (assuming conditions are met), the transaction is a strategic step to the current breeder farm operations of VITA. The additional capacity is expected to produce as much as an 8% increase in total VITA breeder output.