Tranche Update on Puregold Price Club, Inc.'s Equity Buyback Plan announced on December 21, 2020.
May 17, 2021 at 08:10 pm
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From December 18, 2020 to December 31, 2020, the company has repurchased 0 shares, representing 0% for PHP 0 million. With this, the company has completed the repurchase of 0 shares, representing 0% for PHP 0 million under the buyback announced on December 21, 2020.
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.