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SM Investments acquires majority stake in Goldilocks Bakeshop

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ABS-CBN News

<p>MANILA - SM Investments Corp approved the acquisition of a majority of the outstanding common shares of Goldilocks Bakeshop Inc, it said Wednesday. </p><p>The acquisition will increase SMIC&#x27;s shareholdings in Goldilocks to about 74 percent of the outstanding voting capital stock, &quot;making Goldilocks a subsidiary of SMIC,&quot; the Sy-led group said in a disclosure to the stock exchange.</p><p>No other details were disclosed.</p><p>The bakeshop chain offers cakes, pastries and other food and beverage items. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/07/30/19/ph-bakeshop-goldilocks-to-open-at-san-franciscos-harvey-milk-airport-terminal">PH bakeshop Goldilocks to open at San Francisco&#x27;s Harvey Milk airport terminal</a></li>	<li><a href="https://news.abs-cbn.com/business/02/26/21/sm-investments-net-income-down-48-percent-to-p23-billion-in-2020">SM Investments net income down 48 percent to P23 billion in 2020</a></li></ul><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1664491" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

SM Investments Corp approved the acquisition of a majority of the outstanding common shares of Goldilocks Bakeshop Inc. 