JOLLIBEE Foods Corp., one of the biggest quick service food chains in the world, has completed its divestment from US-based restaurant Jinja Bar and Bistro as a part of its strategy to reorganize its international ventures and focus on building its larger businesses.
In a disclosure to the Philippine Stock Exchange, JFC said on Friday that it has finalized the divestment of its 80.55-percent stake in Chow Fun Holdings LLC (Chow Fun) through its offshore investment unit Jollibee Worldwide Pte. Ltd. (JWPL).
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