normal_post - Jollibee Acquires Shanghai's Chain of Restaurants - Philippine Daily News Author Topic: Jollibee Acquires Shanghai's Chain of Restaurants  (Read 622 times)

Ligalig-Mike

  • FOUNDER
  • GURU
  • *****
  • avatar_1_1507939928 - Jollibee Acquires Shanghai's Chain of Restaurants - Philippine Daily News
  • Posts: 18912
  • medal1 - Jollibee Acquires Shanghai's Chain of Restaurants - Philippine Daily Newsmedal2 - Jollibee Acquires Shanghai's Chain of Restaurants - Philippine Daily News
  • Need A Website? Email me: info@mikeligalig.com
    • Share Post
xx - Jollibee Acquires Shanghai's Chain of Restaurants - Philippine Daily News
Jollibee Acquires Shanghai's Chain of Restaurants
« on: June 19, 2007, 10:44:19 AM »
By Komfie Manalo
AHN News Writer
(allheadlinenews.com)

Jollibee Foods Corp., the Philippines' largest fast food company, announced on Monday it has acquired full ownership of the Yonghe King chain of restaurants in China for $6 million.

Tony Tan Caktiong, chairman and CEO of Jollibee, told the Philippine Stock Exchange the company bought the remaining 15 percent of Yonghe from Belmont Enterprises Ventures Ltd., giving Jollibee 100 percent ownership of the Chinese restaurant chain.

He said, "The purchase of the remaining 15 percent share of Yonghe King reflects management's optimism and confidence in the significant future growth and rise in economic value of the Yonghe King business."

Records show that Yonghe's sales expanded by 20.1 percent in 2006. Caktiong said he expects to open 15 new outlets of the restaurant this year.

The fast food company has 1,383 outlets across the Philippines, including its subsidiaries, Chowking, Greenwich, Red Ribbon and Delifrance.


Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=1413.0
Romans 10:9
"That if you shall confess with your mouth the Lord Jesus, and shall believe in your heart that God has raised him from the dead, you shall be saved."

Get FREE 500GB cloud storage:
https://www.pcloud.com/welcome-to-pcloud/?discountcode=fDiE7jtC01VPbCIygaM67jZV



Share via facebook Share via linkedin Share via pinterest Share via reddit Share via twitter
 

SMF spam blocked by CleanTalk
Powered by SMFPacks SEO Pro Mod | Sitemap
Mobile View
SimplePortal 2.3.7 © 2008-2019, SimplePortal