IPVG Corporation reported that it has reached an initial agreement to acquire a leading producer and exporter of high quality, premium frozen seafood and aquaculture products catering to the global market. In a disclosure to the Philippines Stock Exchange, the firm said the transaction contemplated may involve the issuance of primary shares, the sale of secondary shares, and the acquisition of profitable business assets. "The Groups are entering into advanced stages of discussions including due diligence. The transaction is under strict confidentiality," the disclosure said.

Loyola, J. (2012, September 5). IPVG may acquire seafood exporter. Manila Bulletin, p. B-3.