MANILA, Philippines — Lucio Co has renamed Da Vinci Capital Holdings Inc. to The Keepers Holdings Inc. as part of its transformation into a liquor company.
Co, through Cosco Capital, is acquiring a controlling interest in Da Vinci Capital via a share-swap transaction.
During the company’s annual stockholders meeting last week, shareholders approved the change in name, the increase in the company’s authorized capital stock to P2 billion or 20 billion shares, as well as the share-swap transaction.
“Why Keeper? By definition, a keeper is someone to whom trust is placed for the care of something. It also means someone or something with good qualities whom you can have a long relationship with and also something worth keeping. Taking it closer to our business, a Keeper is an honor given to a person who has shown outstanding achievement and commitment to the Scotch whisky industry,” Da Vinci Capital Holdings president Jose Paulino Santamarina said during the meeting.
The company will issue and list up to 11.2 billion common shares of Da Vinci Capital pursuant to the share swap transaction with Cosco Capital.
In exchange, Cosco Capital shall assign to Da Vinci Capital 100 percent of its shares in Montosco Inc., Meritus Prime Distributions Inc. and Premier Wine and Spirits Inc.
Da Vinci will be engaged in the importation, marketing and distribution of wines, spirits and specialty beverages as an industry leader and its biggest player, Santamarina said.
“This business is easily relatable and relevant, a business that brings a smile to most people because it is always present in all happy occasions, celebrations and gifting. The first three companies that will be transferred to DaVinci are Meritus, Montosco and Premier Wine & Spirits,” he said.