Cosco Capital, Inc. (PSE:COSCO) agreed to acquire Matuno River Development Corporation on July 3, 2024. As part of the deal, Cosco Capital, Inc. will acquire 9.18 million shares of Matuno River Development Corporation. The consideration of the acquisition of shares is intended to be paid through issuance of checks.

The transaction has been approved by the Board of Directors of Cosco Capital, Inc.