LISTED poultry integrator Vitarich Corp. (VITA) said its board has approved the ultimate terms and conditions for the P280-million acquisition of breeder farm facilities in Davao del Sur.
“Following this approval, the definitive agreement and the implementing contracts and documents of the foregoing acquisition are expected to be finalized, signed, and executed throughout the month of February 2026,” the corporate said in a disclosure on Thursday.
“The foregoing transactions are subject to customary closing conditions, equivalent to execution of the definitive agreement and implementing contracts in addition to full payment of the consideration,” it added.
The deal covers Vitarich’s acquisition of breeder farm facilities — including land, improvements, equipment; 125,000 common shares of stock; and advances of Broilers Club, Inc. (BCI) shareholders.
The overall purchase price, based on third-party appraised value, was allocated as P95 million for 125,000 BCI shares, P130 million for BCI shareholders’ advances, P25 million for land owned by two BCI shareholders within the breeder farm, and P30 million to repay BCI’s bank loan on one property.
Vitarich Corp. plans to operate the acquired breeder facilities as its own farm and make BCI an entirely owned subsidiary.
The acquisition goals to stabilize broiler chick supply and reduce production costs, with capability projected to spice up VITA’s total breeder output by as much as 8%.
BCI is a non-public domestic corporation engaged in poultry and egg production, amongst others, with operations in Davao.
The Philippine Stock Exchange suspended trading of Vitarich shares on Thursday after classifying the recent board approval of the P280-million acquisition of BCI and breeder farm facilities as a considerable acquisition requiring further disclosure. — Alexandria Grace C. Magno