On September 24, 2013, MAKE shareholder Maybank Kim Eng Holdings, Ltd. entered into a share purchase agreement with Mazy's Capital, Inc. (owned by the group of Alfredo Yao), wherein the latter purchased equivalent 89.75% of the outstanding shares of MAKE.

ARC was established to consolidate the bottling, distribution, marketing and sales of RC Cola, Fruit Soda Orange, Juicy Lemon and Arcy's Rootbeer, all of which were held by Asiawide Refreshments Corporation (Asiawide) and Mega Asia Bottling Corporation (Mega Asia) since 2002.

Trading on MAKE was suspended by the PSE on January 2, 2014, pending submission of a comprehensive disclosure on the transaction.

[2] The Securities and Exchange Commission approved the company's change in corporate name to Macay Holdings, Inc. on January 30, 2014.

[3] In 2014, Macay also acquired ARC Holdings, Inc. (AHI), holder of the trademark licenses of RC Cola in the Philippines.