Maybank Kim Eng Holdings Limited (“MKEH”) and Mazy’s Capital, Inc. (“MCI”) concluded a sale and purchase agreement dated September 24, 2013. The transaction is the sale by MKEH and purchase by MCI of 958.92 million common shares, equivalent to 89.75% stake of the locally listed firm Maybank ATR Kim Eng Financial Corporation (“MAKE”).
The majority ownership of MAKE was acquired on 25 October 2013 by MCI to serve as the vehicle for the consolidation of various businesses engaged in soft drinks bottling, distribution and sales.
Macay incorporated and capitalized ARC Refreshments Corporation (“ARC”) on the 4th of December 2013 as a wholly owned subsidiary to serve as the vehicle for the consolidation of various assets involved in soft drinks production, bottling, marketing and distribution.
On December 27, 2013, ARC, through its Board of Directors, approved the acquisition of the operating assets of Mega Asia Bottling Corporation and Asiawide Refreshments Corporation.
On 27 January 2014, the Securities and Exchange Commission approved the change in corporate name of the Corporation from Maybank ATR Kim Eng Financial Corporation to Macay Holdings, Inc.
ARC executed Asset Purchase Agreements with Asiawide Refreshments Corporation and Mega Asia Bottling Corporation on January 30, 2014.
Philippine Stock Exchange advised the change in the Corporation’s name from "Maybank ATR Kim Eng Financial Corporation" to "Macay Holdings, Inc." and stock symbol from "MAKE" to "MACAY" will be reflected on the Exchange’s trading system effective February 12, 2014.
ARC commenced operations.
Board of Directors and Management Team
BOARD OF DIRECTORS
|ALFREDO M. YAO||Chairman of the Board|
|ARMANDO M. YAO||Director|
|ANTONIO I. PANAJON||Director|
|FERNANDO R. BALATBAT||Director|
|JEFFREY S. YAO||Director|
|CAROLYN S. YAO||Director|
|MARY GRACE S. YAO||Director|
|ALBERT S. TORIBIO||Director|
|ROBERTO A. ATENDIDO||Director|
|GERARDO T. GARCIA||Director|
|RINALDI C. AVES||Director|
|JESUS G. GALLEGOS, JR.||Independent Director|
|ROBERTO F. ANONAS, JR.||Independent Director|
|ANTONIO I. PANAJON||President|
|JEFFREY S. YAO||Treasurer|
|GABRIEL A. DEE||Corporate Secretary|
|ANDREA J. PAMA||Marketing & Business Development Director|
|NICOLE R. JAYME||Business Development Director &
Investor Relations Officer
|RENATO J. JAMLANG||Controller|