With P122M in fresh funding, Lester Yu sets sights on healthcare

Food kiosk king Lester Yu is looking to further expand his investment portfolio as he seeks growth opportunities in the healthcare sector.

Yu’s Fruitas Holdings Inc. has secured P122.5 million in fresh funding from networking firm I-FERN Corp. of entrepreneur Tommanny Tan.

I-FERN, which makes healthcare products such as FERN-D, FERN-ACTIV, and MilkCa, acquired 100 million Fruitas shares for P1.225 each or 12 percent higher than the stock’s market price.

Yu said the fresh capital would be used by Lush Properties to fund potential acquisitions in the healthcare and self-care industries and further expand its real estate assets.

“The investment of I-FERN is a testament of Fruitas Holdings’ strong performance and viable growth potential,” Yu said.

For his part, Tan said his investment would be a springboard for a partnership with Fruitas, which will expand the company’s revenue stream and distribution structure.

“We look forward and expect a bright future together”, Tan said.

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