The Big Chill mulls over IPO

Juice bar chain The Big Chill Inc. is mulling over the possibility of an initial public offering at the Philippine Stock Exchange. 

 

In a disclosure on Thursday, parent AgriNurture Inc. confirmed that its blended fruit juice subsidiary “... is in the process of undertaking steps for listing on the Philippine Stock Exchange.”

 

As such, the AgriNurture board of directors approved a resolution authorizing the declaration of  property dividends consisting of AgriNurture shares of stock in The Big Chill. 

 

“However, the  other  details of the listing of TBC are still under the consideration of the company’s (AgriNurture's) legal, operations and financial advisors who are analyzing the method, pertinent amounts, timing and other terms in relation to said transactions,” the disclosure read. 

 

“To date, no definitive agreements or applications have been executed by the company in this regard,” it added. 

 

The disclosure also said The Big Chhill is implementing an “aggressive expansion program” involving the  construction of outlets in China, US and Europe. 

 

TBC has recently opened a Big Chill outlet at the  Hong Kong International Airport.

 

“As for the exact locations of the  other international outlets of TBC, the same  are still under the consideration of the company’s legal, operations and financial  consultants in the pertinent countries,” AgriNurture noted. 

 

In 2011, AgriNurture ventured into retail trade and acquired 51 percent of The Big Chill for P20 million. — SOA/VS, GMA News