US EditionJollibee exits C-Joy Realty
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Jollibee exits C-Joy Realty
MANILA, Philippines – Jollibee Foods Corp. (JFC) will sell its stake in the landlord of its poultry processing plant in a move seen to support its business model shift. The homegrown fast-food giant disclosed to the stock exchange on Monday it would sell its 30-percent shareholding in C-Joy Poultry Realty Inc. to Agrotex Commodities Inc. for P33.88 million. READ: Jollibee first-quarter earnings down 8% “The divestment is aligned with JFC’s stra…
·Manila, Philippines
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