Phil Bottlers, Yakult beef up capital

The Securities and Exchange Commission (SEC) has approved the respective capital build up of beverage makers Philippine Bottlers Inc. and Yakult Philippines Inc. and Yakult Philippines Inc.

Philippine Bottlers is a unit of Coca-Cola Bottlers Philippines Inc. or CCBPI, a joint venture between San Miguel Corp. and the Atlanta-based The Coca-Cola Company.

Company documents filed with the SEC showed that Philippine Bottlers increased its capital from P100 million to P3.5 billion, which has been fully subscribed and paid up.

Philippine Bottlers completed last year the purchase of softdrinks maker Cosmos Bottling Corp. from the Concepcion family’s RFM Corp.

Also approved by the SEC was the application of Yakult Philippines Inc. for increase in capital stock from P300 million to P600 million. The company was established in 1978.

In 1964, Yakult started its gradual but solid global expansion by introducing the fermented milk drink in Taiwan. Today, Yakult is enjoyed daily by 25 million people in 23 countries around the world and this number continues to grow. – Zinnia dela Peña