What this means
Figaro Culinary Group is the listed company whose shares may no longer trade on the Philippine Stock Exchange if the planned delisting is approved and completed. Figaro Coffee Systems Inc. has said it intends to offer PHP 0.82 for each Figaro share held by shareholders other than the stated majority shareholders and directors holding qualifying shares. This is not yet a completed share purchase or delisting: shareholders must approve the plan, the tender offer must be completed, and Figaro Coffee Systems together with the majority shareholders must own at least 95% of Figaro's outstanding common shares, unless the PSE permits a different percentage. The disclosure does not state the total amount to be paid, how many shares will be tendered, or the effect on Figaro's earnings or cash.
Key facts
- Figaro received FCSI's notice of intention to conduct a tender offer and voluntarily delist on 07 October 2026.
- FCSI intends to offer PHP 0.82 per FCG common share for shares held outside the stated majority-shareholder and director-share exclusions.
- A special stockholders' meeting to consider the voluntary delisting is set for 13 November 2026.
- Figaro requested a voluntary trading suspension of its common shares for the whole trading day on 08 October 2026.
Why it matters
This could lead to Figaro shares being removed from PSE trading, giving eligible shareholders a proposed cash exit at PHP 0.82 per share. The outcome is still uncertain because shareholder approval and other conditions have not yet been met.
What to watch
- Details and outcome of the 13 November 2026 special stockholders' meeting
- Formal tender-offer terms, including the offer period and number of shares covered
- Progress of the China Banking Corporation Senior Secured Term Loan Facility
- Whether the required ownership threshold for voluntary delisting is reached
- PSE action on the voluntary delisting application
- Further details of the rescheduled Annual Stockholders' Meeting on 27 January 2027
Trend Track
Insufficient History
Low confidence
The March 2026 quarterly report showed higher revenue and net income year on year, indicating positive operating performance in that period. However, the October disclosures concern a proposed voluntary delisting and tender offer rather than subsequent business results, so they do not establish a continuing operating trend. Evidence is therefore too limited to classify momentum beyond the isolated quarterly improvement.
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