Jollibee scraps bid to raise P8B via share sale

by The Manila Times

Jul 30, 2024 12:33 am

FAST-FOOD giant Jollibee Foods Corp. (JFC) has dropped plans to raise up to P8 billion from a share offering and will instead explore other capital-raising opportunities.

In a disclosure on Monday, JFC said that it was withdrawing an application to offer and list up to 8,000,000 preferred shares that was filed with the Securities and Exchange Commission and the Philippine Stock Exchange in June.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

OFW remittances hit year high

Investment approvals top 2023 total as of mid-Sept

Deal to create telco tower firm completed

PH financial sector resources up 10.5% to P32.1T as of July

Remittance news lifts peso; PSEi highest in over two years

National rice inventory 14.4% higher in August

DTI aims for PH to be Asia's top logistics hub