The exclusive manufacturer and distributor of RC Cola in the
Philippines will put up plants in Thailand and Myanmar and
construction may start this year, as it seeks to expand its
presence in Southeast Asia, the Philippine Star newspaper
The group of Filipino businessman Alfredo Yao has infused
its 99.99 percent stake in RC Cola maker ARC Refreshments Corp
into the shell company of Maybank ATR Kim Eng Financial Corp
, an initial step toward its backdoor listing.
NOTE: Reuters has not verified this story and does not vouch
for its accuracy.
(Compiled by Manila Newsroom; Editing by Prateek Chatterjee)