Businessman Lester Yu’s Balai ni Fruitas, the bakery and beverage arm of listed Fruitas Holdings, closed in the red on its trading debut on Thursday amid a general market selloff. Balai ended the session down 7.14 percent to P0.65 versus its initial public offering (IPO) price of P0.70 per share. The company rose as much … Continue reading Balai ni Fruitas debuts amid market selloff