MerryMart receives IPO Notice of Approval from PSE

first_imgMerryMart will be ready to secure more superior prime locations around the country, and attract more good talents to join its team after the ECQ is lifted as there may be a lot of good prime sites to be available nationwide.  The pricing is up to P1 per share and price will be set by May 22, 2020. The IPO listing is slated on June 15, 2020.  Once MerryMart is listed, it is expected to be the second listed retail company that has pure non-discretionary retail in its portfolio. MerryMart Consumer Corp. do not have any exposure in the discretionary retail businesses such as the modern department stores, which are closed and do not generate revenues during the ECQ.  “We are confident that the MerryMart IPO will provide both the retail and institutional investors an opportunity to be able to invest and spread their portfolio in a resilient sector and also enable them to invest at an early stage of MerryMart’s planned hyper growth in the coming years,” said MerryMart chairman Edgar Injap Sia II MerryMart’s vision is to reach P120 billion in system-wide revenues and 1,200 branches by 2030./PN MerryMart Consumer Corp. will proceed with its IPO since MerryMart is in the COVID-19 pandemic resilient non-discretionary basic essential retail category. center_img “Just like Mang Inasal and DoubleDragon, our team and myself will pour in the passion, determination, focus and hard work towards the goal of MerryMart another company that will grow rapidly and eventually become strong, durable and relevant for many generations,” added Sia. MerryMart Group currently operates seven branches. MerryMart has several branches that are ready to open soon a few weeks after the enhanced community quarantine (ECQ) is lifted, and will keep its target to open the 100th MerryMart branch on or before December 2021 next year.  MerryMart intends to focus only on non-discretionary essential segment, because the discretionary side of retail is expected to be soft moving forward, and higher value and non-essential discretionary retail is also shifting to the foreign owned e-commerce channels.  THE PHILIPPINE Stock Exchange on May 6, 2020 released the Notice of Approval for the Initial Public Offering (IPO) of MerryMart Consumer Corp.last_img read more

Police: Three Arrested Following Meth Bust

first_imgThe Greensburg Police Department received a tip from the community that resulted in police finding an active meth lab.On Saturday evening, police received information regarding an alleged methampetamine manufacturing operation on West Fourth Street in Greensburg.When law enforcement arrived, officers observed a white cloud of smoke/gas coming from the residence. Police say that the odor is associated with manufacturing methamphetamines.According to the police report, there was also a plastic bottle containing an active “one pot” meth lab.Certified personnel from the Greensburg Police Department and the Indiana State Police Meth Suppression team worked to dismantle the active lab that was on the porch.Three people were arrested following the discovery. Daniel Kiehn and Whitney Bunting are facing charges for allegedly manufacturing methampehetamines.Bunting was also charged with resisting law enforcement and possession of a syringe.Chay Lecher was arrested for disorderly conduct and visiting a common nuisance.Greensburg Police would like to thank the citizens of the city for their tips, information and input. Anonymous tips can be left at (812) 66 Crime.last_img read more

Three Injured After Thursday Morning Crash

first_imgThree people were hospitalized on Thursday after an early morning crash in Milan.The Ripley County Sheriff’s Office said 19-year-old Dylan Swain, of Aurora, was driving south on County Road 800 near SR 350 when his vehicle entered into the path of oncoming traffic.A second vehicle driven by James Ashcraft, 50, of Milan was traveling westbound on State Road 350. His SUV was struck on the driver’s side door by the vehicle Swain was driving.Ashcraft was transported by ambulance to Dearborn County Hospital. He was later transferred to University of Cincinnati Hospital for his injuries.No word on his current condition.Swain was trapped in his vehicle and had to be extracted. He was sent to Margaret Mary Health, then later to University of Cincinnati Hospital for potential life threatening injuries.Kori Ranshaw, 19, Milan, was a passenger in the vehicle Swain was driving. Ranshaw, who is six months pregnant, had minor injuries and was transported to Margaret Mary Health.“All occupants were wearing seatbels at the time of the crash,” noted Ripley County Sheriff Tom Grills.The crash remains under investigation.last_img read more

Lady Pirates Top Lady Bulldogs In Softball

first_imgThe Greensburg Lady Pirates defeat The Batesville Lady Bulldogs in Varsity & JV Softball.The varsity score was 13-3.  The Lady Bulldogs fall to 1-11 overall and 1-6 in The EIAC.Batesville vs. Greensburg Varsity Softball (5-1)The JV score was 14-3.  Batesville drops to 0-6 overall and 0-5 in The EIAC.Batesville vs. Greensburg JV Softball (5-1)The Lady Bulldogs travel to Shelbyville to battle The Golden Bears.  Varsity 1st Pitch will be at 5:30 PM.Submitted by Batesville Coaches Mike Ploeger and Jody Thomas with Max Preps.last_img

Franklin County Commissioners recognize 911 dispatchers

first_imgFRANKLIN COUNTY, Ind. — The Franklin County Commissioners recently signed a proclamation recognizing April 9 through April 15 as National Public Safety Telecommunicators Week.The commissioners say dispatchers play a critical role in protecting the public.They answer calls to 911 and are the link between law enforcement, fire, EMS, and the public.They also provide communication services to the various police departments, sheriff deputies, volunteer firemen, and EMS responders.In 2016 Franklin County dispatchers answered more than 16,000 calls.last_img

What Is Going On in US Gymnastics?

first_imgIt was very disturbing to hear about the allegations leveled against the former doctor involved with our Olympic Gymnastics program.  Both of the women involved with these allegations are calling for a complete overhaul from the Olympic Gymnastics Board.  According to their lawsuit, they were allegedly sexually abused by this Olympic doctor.  Since they brought this to the attention of the authorities, many of their colleagues have voiced the same allegations.It is sad to hear that you can’t trust those who are put in the position of authority.  Most of these young ladies are in their early teens, and as a parent, you believe that someone such as a medical doctor would have the ethics associated with such a profession.  How do people get a position like this if these allegations are true?last_img read more

Bulldogs Freshman Team Bolts By Chargers

first_imgThe Freshman Boys Basketball Team won their 5th straight game on Saturday against the North Decatur Chargers 37-19.Batesville got off to a hot start and ended the first quarter up 11-0, with six of those points coming from Calvin Sherwood. They continued pull away in the second quarter, connecting on a pair of 3’s from Wil Freeland and Austin Cornn. The Bulldogs closed out the first half with a 25-5 lead.It was a more even matched game in the 2nd half, with the Chargers winning the 4th quarter by scoring eight points to the Bulldogs five. It still was not enough to overcome the early Bulldog lead. Batesville won the game with a score of 37-19. They were led in scoring by Calvin Sherwood and Trey Peters with eight points each.Batesville plays East Central at Batesville High School on December 7th at 6pm.Courtesy of Chargers Coach Sean Boyce.last_img read more

Brookville resident injured in Wednesday morning rollover crash

first_imgFranklin County, In. — A Brookville resident was flown to University of Cincinnati Hospital following a Wednesday morning crash on St. Mary’s Road.A report from the sheriff’s department says a vehicle driven by Douglas Flaspohler, 60, was westbound near Alley Road around 8:20 a.m. when he lost control on a patch of ice. The vehicle went off the right side of the roadway and rolled down an embankment and rolled upside down into a creek.No word on the condition of the victim. The accident remains under investigation.last_img

Representative Frye shares thoughts on opioid crisis

first_imgIndianapolis, In. — According to the Indiana State Department of Health, there was a 52-percent increase in opioid deaths from 2015 to 2016. It’s clear our state and country are in the middle of an opioid epidemic and more must be done. This year, the Indiana General Assembly made great strides in expanding treatment options, reducing the supply of addictive medications and strengthening criminal enforcement to curb opioid deaths.As part of our continuing effort to provide more addiction treatment options for all Hoosiers, up to nine additional opioid treatment centers will be opening throughout the state. Strategically placing these programs in underserved areas will ensure every Hoosier seeking treatment is within an hour’s drive from receiving help. These new facilities will greatly improve access in specific areas of the state, such as rural communities.To monitor the supply of addictive medications in circulation, a new law requires physicians and pharmacists to check the state’s prescription monitoring system, INSPECT, before prescribing and dispensing addictive drugs. By consulting INSPECT, pharmacists and doctors will be able to determine if a patient is “doctor shopping” for multiple, simultaneous prescriptions, which could be dangerous and even deadly if combined. A similar database, NPLEx, has been instrumental in the fight against meth labs because it tracks and enforces Indiana’s cold medication purchase limits, helping prevent meth cooks from obtaining crucial meth-making ingredients.While addiction treatment and stricter prescribing guidelines are essential, we must also continue to attack the opioid epidemic through law enforcement. Drug dealers and those who illegally manufacture drugs will now be subject to a felony-level sentence enhancement if the drugs they manufactured or sold resulted in the death of the user. This puts accountability on the shoulders of the manufacturers and dealers who intentionally prey on those susceptible to or suffering from addiction in our communities.With accurate, complete data, county coroners will further investigate suspected overdose deaths and will consult INSPECT to gather more information about any potential opioid use. Additionally, the new law requires them to conduct post-mortem toxicology tests and blood screenings and forward those results to the Indiana State Department of Health. Indiana will now be better able to respond to drug overdoses by identifying geographic hotspots.By attacking this public health crisis from every angle, hopefully we can prevent addiction before it starts, keep drug dealers off our streets and get more Hoosiers into lifesaving treatment. For more information on these new laws, visit iga.in.gov. You can also contact me at h67@iga.in.gov or 317-234-3827.last_img read more

Autopsy confirms former basketball star was murdered

first_imgLawrenceburg, In. — An autopsy has confirmed Thomas Biedenbam, 73, was murdered in his home on Highridge Court in Hidden Valley over the Memorial Day weekend.Detectives have sifted through the home and surrounding property for evidence but are still looking for any information to solve the case. Tips can be left confidentially by calling 812-689-5000.A report from WLWT in Cincinnati says Biedenbam was a standout basketball player at Elder that set scoring records that still stand today. In high school, he played on at least one championship team before playing for UC.last_img