SEC approves merger of Max's subsidiaries

The Securities and Exchange Commission has given Max's Group Inc. the green light to merge 11 wholly-owned subsidiaries, according to a filing with the Philippine Stock Exchange on Monday.

 

The company is merging Max's Circle Inc., Max's Makati Inc., Max's SM Marikina Inc., Max's Baclaran Inc., Max's Food Services Inc., Max's (Ermita) Inc., Max's Franchising Inc., Chicken's R Us Inc., Square Top Inc. and Max's Express Restaurants Inc., with Max's Kitchen Inc. 

 

The resulting entity will be renamed to Max's Restaurant Inc., the group announced earlier.

 

"This merger is part of the continuing efforts of the company to streamline and rationalize the operations of the Max's Group," the company said. – Keith Richard Mariano/VS, GMA News