Puregold Price Club, Inc. completed the acquisition of Goldtempo Company, Inc from Entenso Equities, Inc, Antonio Delos Santos II, Sherwin C. Hau, Joseph Sy, Edison Anggala and Robert Kelvin Kuan.
January 31, 2017
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Puregold Price Club, Inc. (PSE:PGOLD) agreed to acquire Goldtempo Company, Inc from Entenso Equities, Inc, Antonio Delos Santos II, Sherwin C. Hau, Joseph Sy, Edison Anggala and Robert Kelvin Kuan for approximately PHP 400 million on March 14, 2017. Under the terms, Puregold Price Club, Inc. will acquire approximately 250 million shares from Entenso Equities, Inc. and other sellers. Puregold Price Club, Inc will issue 0.04 shares in exchange of 1 share of Goldtempo Company, Inc. and will issue 8.94 million shares for the acquisition of approximately 250 million share of Goldtempo Company, Inc. As on March 14, 2017, Board of Directors of Puregold Price Club, Inc. approved the transaction. The plan will be submitted for approval of Puregold Price Club, Inc. shareholders during annual general meeting to be held on May 30, 2017. As on May 4, 2017, plan of merger was submitted to Security and Exchange Commission of Philippine. The approval from Security and Exchange Commission is expected to receive within the next two months after shareholders’ approval. On May 30, 2017, the transaction is approved by shareholders of Puregold Price Club, Inc. On November 22, 2017, the transaction is approved by Security and Exchange Commission.
Puregold Price Club, Inc. (PSE:PGOLD) completed the acquisition of Goldtempo Company, Inc from Entenso Equities, Inc, Antonio Delos Santos II, Sherwin C. Hau, Joseph Sy, Edison Anggala and Robert Kelvin Kuan on January 1, 2018.
Puregold Price Club, Inc. is engaged in the business of trading goods, such as consumer products (canned goods, housewares, toiletries, dry goods, food products, pharmaceutical and medical goods and others) on a wholesale and retail basis. The Company operates in the retailing business segment. Its stores are divided into four store models: Hypermarket, Supermarket, Extras and Minimart. It has over 525 retail stores, consisting of 452 Puregold Stores, 22 S&R Membership Shopping Warehouses and 51 S&R New York Style Pizza (QSRs). Hypermarkets offer food and non-food products to retail customers and small business owners (stores include mini-marts, cafeterias, restaurants, bakeries, pharmacies). The Supermarket is primarily located in residential areas and offers a higher proportion of food to non-food products. It maintains two online platforms called, Sally and Rappit and is affiliated with other online delivery platforms, such as Pick-a-roo, Metromart, Lazada, and Shopee.
Puregold Price Club, Inc. completed the acquisition of Goldtempo Company, Inc from Entenso Equities, Inc, Antonio Delos Santos II, Sherwin C. Hau, Joseph Sy, Edison Anggala and Robert Kelvin Kuan.
PUREGOLD PRICE CLUB, INC. 
