Published 10 days ago • loading... • Updated 9 days ago

Jollibee shares rally after foreign ownership cap scrapped

Summary by Fortune

Stock in Jollibee, which outsells McDonald's and KFC in the Philippines, jumped as much as 8.9%, its largest intraday rise since October 2020.

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Inquirer

Jollibee opens up stock ownership to more foreign investors

MANILA, Philippines — Homegrown fast-food giant Jollibee Foods Corp. (JFC) has removed its foreign ownership limit, allowing more room for fresh equity as it explores other categories and casts a wider net across the globe. The company led by tycoon Tony Tan Caktiong said in a regulatory filing on Thursday that the Philippine Stock Exchange […]...Keep on reading: Jollibee opens up stock ownership to more foreign investors

9 days ago·Manila, Philippines

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Fortune

Jollibee shares rally after foreign ownership cap scrapped

Stock in Jollibee, which outsells McDonald's and KFC in the Philippines, jumped as much as 8.9%, its largest intraday rise since October 2020.

10 days ago·New York, United States

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bworldonline.com

Jollibee gets PSE nod to lift 40% foreign ownership limit - BusinessWorld Online

FOREIGN INVESTORS may now own more shares of Jollibee Foods Corp. (JFC) after the Philippine Stock Exchange (PSE) approved its request to remove the 40% foreign ownership limit. “The PSE has approved [the] request of JFC to amend its foreign ownership limit from 40% to no limit…,” the listed fast-food giant said in a regulatory filing on Thursday. The move follows JFC’s amendment of its primary and secondary purposes in its articles of incorpor…

9 days ago

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Business Times

Jollibee shares jump after foreign ownership limit scrapped

SHARES of Jollibee Foods climbed more than 5 per cent on Thursday (Feb 13) after the Philippines’ top restaurant operator said it has secured the bourse’s approval to remove a 40 per cent cap on foreign ownership of the company.

10 days ago

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