Fruitas Holdings, Inc. (PSE:FRUIT) acquired Fly Kitchen Inc. for PHP 14.7 million on June 1, 2023. The acquisition is payable in cash and Fly Kitchen will become a new subsidiary of the FRUIT Holdings. Cash Payment and is below 10% of the total assets and book value of FRUIT as of March 31, 2023. Board of Directors of FRUIT has approved the transaction.

Fruitas Holdings, Inc. (PSE:FRUIT) completed the acquisition of Fly Kitchen Inc. on June 1, 2023.