CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported)
Mar 22, 2024
2. SEC Identification Number
CS200930125
3. BIR Tax Identification No.
281-768-124-000
4. Exact name of issuer as specified in its charter
MerryMart Consumer Corp.
5. Province, country or other jurisdiction of incorporation
Republic of the Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
9th Floor Tower 1 DoubleDragon Plaza, DD Meridian Park, Macapagal Ave. cor. Edsa Extension, Bay Area, Pasay City, PhilippinesPostal Code1302
8. Issuer's telephone number, including area code
+63287431111
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common
7,594,936,709
11. Indicate the item numbers reported herein
Item 9
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
MerryMart Consumer Corp.MM
PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C) Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
TODAY: MM WHOLESALE MARKS THE 200TH SARI-SARI STORE TRANSFORMATION TO MINI-MART
MM WHOLESALE APP NOW HAS OVER 200,000 REGISTERED USERS AND GROWING
MERRYMART GROUP MAINTAINS ITS DOMINANT MARKET SHARE IN CAPIZ PROVINCE WHILE IT CONTINUES TO GAIN SIGNIFICANT MARKET TRACTION IN THE NEIGHBORING AREAS AND LUZON
TO FURTHER GROW ITS WHOLESALE E-COMMERCE BUSINESS IN LUZON WITH THE UPCOMING NEW MM DISTRIBUTION CENTER IN LAGUNA, SOUTH LUZON
Background/Description of the Disclosure
Today, March 22, 2024, MM Wholesale marks the 200th sari-sari store transformation to Mini-Mart.
This Project of MM Wholesale aids the transformation of Sari-Sari Stores to become a Mini-Mart while purchasing their grocery inventory from the MM Wholesale App.
“We have been observing and studying in detail the Sari-Sari store industry around the country, and we believe that the true longterm solution for these hundreds of thousands of Sari-Sari Stores to thrive is to transform and become a Mini-Mart. From doing the selling of items from a small hole in their window, they transform to become a grocery Mini-Mart where their customers or 'suki' can now enter their 'tindahan', just like the set-up of their branded and modern mini-mart competitors that recently opened near their sari-sari stores. This will enable them to compete and thrive thus retaining and enhancing their household livelihood income,” said MM Chairman Edgar “Injap” Sia II.
“I personally have been an SME provincial entrepreneur not so long ago, and I feel for the sari-sari stores who are struggling to compete with the modern branded mini-marts sprouting around them,” added Mr. Sia.
The MM Distribution Center locations in Tarlac and Laguna will be followed by the roll out of 2 in Luzon, 3 in Visayas and 3 in Mindanao to achieve the first 10 MM Distribution Center network nationwide.
The MM Wholesale E-Commerce platform supported by its modern distribution centers are expected to eventually be available in all the 82 provinces of the Philippines. This direction aims to cover 99% of the Philippine consumer market.
MerryMart is continuously expanding its branches with MM Group now totals to 127 operating branches, and as well focusing on further enhancements in the MerryMart Wholesale’s super App which is seeing continued exponential growth in registered users as the MM Wholesale App is envisioned to eventually become the most dominant online wholesale e-commerce platform in the Philippines.
“The whole MerryMart Team will continue its entrepreneurial approach as it pursues to achieve its set goals”, said MM Chairman Edgar “Injap” Sia II.
MerryMart Consumer Corp.MM