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Monday, June 4, 2012

Tanduay lifts capital stock to P25-B


 Tanduay Holdings increased their authorized capital stock from five billion pesos to P25 billion.



According to a statement, the company needed to broaden its equity base to solidify its future investment growth.

This action is in line with the goal of the company in transforming Tanduay into a global brand as it starts to explore the global market.

Tanduay Holdings has firmed up its move towards this direction by appointing three US-based firms as the company’s partner on the project.

The three firms that Tanduay Holdings partnered with are Brand Action Team, a beverage alcohol marketing consulting company, Beacon Distributors, a sales and distribution specialist, and MHW, Ltd., a logistics and management service provider.

With the professional assistance of these three companies, Tanduay is now laying the groundwork for its foray into the US market and well on its way towards its vision of making its product a global brand, Tanduay Holdings added.

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