Pancake House Inc. said it will soon be renamed Max’s Group Inc., after the two restaurant chains completed the merger.
Max’s Group consolidated its businesses worth P4.05 billion under recently acquired Pancake House.
Pancake House said in a disclosure to the stock exchange its board approved the new name of the company and amendment of articles of incorporation to reflect the change.
“The board also resolved that, subject to the approval of the aforementioned change of name by the stockholders and the Securities and Exchange Commission, the trading symbol of the company on the Philippine Stock Exchange shall be changed to ‘MAXS’,” Pancake House said.
Max’s Group agreed to consolidate the restaurant businesses under Pancake House to create the country’s largest casual dining restaurant chain.
The Max’s Group owns four brands, including Max’s Restaurant, Max’s Corner Bakery, Krispy Kreme and Jamba Juice while Pancake House has 10 brands, including flagship store Pancake House, Yellow Cab, Le Coeur De France, Dencio’s, Teriyaki Boy, Singkit, Sizzling Pepper Steak, Kabisera, the Chicken Rice Shop and Maple.
The Max’s Group acquired listed Pancake House from the Lorenzo group for P3.5 billion in February this year.