Key Developments: Jollibee Foods Corp (JFC.PS)
140.80PHP
18 Jun 2013
Php3.80 (+2.77%)
Php137.00
Php137.20
Php141.00
Php137.20
766,120
642,278
Php151.00
Php93.00
Latest Key Developments (Source: Significant Developments)
Jollibee Foods Corporation Issues FY 2013 Guidance
Jollibee Foods Corporation announced that the Company estimates its sales to grow by close to 10% in 2013, due mainly to election spending. Full Article
Jollibee Foods Corporation To Allot PHP 5.5 Billion For 300 New Stores
Jollibee Foods Corporation announced that the Company will allot PHP 5.5 billion for 300 new stores across all its brands locally and internationally. Last year the Company has opened 200 new stores. Full Article
Jollibee Foods Corporation Announces Regular And Special Cash Dividends
Jollibee Foods Corporation announced its regular cash dividend of PHP 0.62 per share and its special cash dividend of PHP 1.00 per share. The dividends will be paid on December 19, 2012, to stockholders of record as of December 3, 2012. Full Article
Jollibee Foods Corporation's Subsidiary Enters Into Agreement With Beeworks, Inc.
Jollibee Foods Corporation announced that its wholly owned subsidiary Golden Plate Pte. Ltd. (GPPL) has entered into an agreement to form a company together with Beeworks, Inc. (Beeworks), to own and operate Jollibee stores in Singapore. Under the agreement, the parties will establish a company in Singapore which will be owned 60% by GPPL and 40% by Beeworks. GPPL will have full management control of the company. The initial funding for the Singapore company is USD 1 million. Full Article
Jollibee Foods Corporation Declares Cash Dividend
Jollibee Foods Corporation announced a regular cash dividend of PHP 0.58 per share. The dividend will be given to stockholders of record as of May 9, 2012 and is planned to be paid on May 31, 2012. Full Article
Jollibee Foods Corporation's Subsidiary Acquires 55% Of Guangxi San Pin Wang Food
Jollibee Foods Corporation announced that its wholly owned subsidiary, Jollibee Worldwide Pte. Ltd., has on March 9, 2012, completed the acquisition of 55% of Guangxi San Pin Wang Food and Beverage Management Company Limited (San Pin Wang) which operates the San Pin Wang beef noodle business in South China. Full Article
Jollibee Foods Corporation's Subsidiary Acquires 50% Of Business Of SuperFoods Group
Jollibee Foods Corporation (JFC) announced that its subsidiary, Jollibee Worldwide Pte. Ltd. (JWPL), has completed the acquisition of 50% share of the business of the SuperFoods Group on January 20, 2012. This consists of a 49% share in SF Vung Tau Joint Stock Company, organized in Vietnam, and a 60% share in Blue Sky Holding Limited in Hong Kong. The acquisition is an implementation of the Framework Agreement made on May 20, 2011, between JFC and its partner, Viet Thai International Joint Stock Company (VTI). The Framework Agreement provided for Jollibee Foods Corporation investing USD 25 million for 50% of the SuperFoods business and a USD 35 million loan to VTI. JFC had also advanced USD 5.0 million to the SuperFoods Group. Full Article
Jollibee Foods Corporation's Coffeetap Corporation Completes Sale Of Caffe Ti-Amo
Jollibee Foods Corporation announced that the sale of assets between the Company's wholly-owned subsidiary, Coffeetap Corporation and CafeFrance Corp. was completed on November 30, 2011. Coffeetap also terminated its Franchise Agreement effective November 30, 2011. Full Article
Jollibee Foods Corporation's Coffeetap Corporation Divests Caffe Ti-Amo Business
Jollibee Foods Corporation announced that its subsidiary, Cofeetap Corporation, has entered into an agreement to sell the assets of Caffe Ti-Amo, a coffee and gelato business, to CafeFrance Corp. The sale of the assets is expected to be completed on November 30, 2011, with the purchase price estimated at PHP 20 million to be paid in cash. Full Article
Jollibee Foods Corporation Declares Cash Dividend
Jollibee Foods Corporation announced that it has approved in a meeting held on November 8, 2011, the declaration of a regular cash dividend of PHP 0.57 per share. The regular cash dividend will be given to JFC stockholders of record as of November 22, 2011 and is planned to be paid on December 16, 2011. The PHP 0.57 is equal to the cash dividend declared at about the same time last year. Full Article
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