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                    [ArticleID] => 256766
                    [Title] => Jollibee names CEO of China operations
                    [Summary] => Jollibee Foods Corp. (JFC) announced yesterday the appointment of Jeffrey Chao as chief executive officer for Yonghe King, its recently-acquired fastfood business in China.


                    [DatePublished] => 2004-07-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 254737
                    [Title] => Jollibee to expand in Indonesia and Europe
                    [Summary] => Jollibee Foods Corp., the largest and most profitable fastfood chain in the country, is counting on expansion abroad to continue growing as it saturates its home market.


At the sidelines of the company’s stockholders meeting Friday, Jollibee president Tony Tan Caktiong said the company is stepping up its overseas expansion to maintain its lead over competition and to further boost its profitability.


                    [DatePublished] => 2004-06-21 00:00:00
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                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                    [ArticleID] => 244110
                    [Title] => Jollibee acquires control of China fastfood chain
                    [Summary] => Fastfood giant Jollibee Foods Corp. has made an initial payment of $11.5 million for an 85-percent interest in Belmont Enterprises Ventures Ltd., which operates the Yonghe King fastfood chain of quick-service restaurants in China.


The initial payment was made after all conditions set under the sale and purchase agreement entered into by JFC and Belmont have been met.


JFC agreed on a purchase price of $22.5 million for the acquisition of 77 Yonghe King stores. The initial payment of $11.5 million came from JFC’s surplus cash and external sources.


                    [DatePublished] => 2004-03-27 00:00:00
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                    [ArticleID] => 239413
                    [Title] => Jollibee eyes Indonesia, posts 21% profit hike in ’03
                    [Summary] => Jollibee Foods Corp.(JFC)  is now training its sights on Indonesia as its next possible area for future growth, company officials said yesterday.


In a briefing,  JFC chief financial officer Ysmael Baysa said the company is looking into expanding its operations in Indonesia either through the establishment of new stores or the acquisition of existing businesses.


"We have the financial capability to do another transaction in the same magnitude as the Yonghe King purchase.  It may happen next year," Baysa said.


                    [DatePublished] => 2004-02-18 00:00:00
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                    [AuthorName] => Zinnia B. Dela Peña
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                    [ArticleID] => 238031
                    [Title] => Jollibee breaks into China market
                    [Summary] => Fastfood giant Jollibee Foods Corp. (JFC) has entered the lucrative China market following a deal to acquire a controlling stake in the Yonghe King chain of restaurants for $22.5 million.


In a disclosure to the Philippine Stock Exchange, JFC said it has signed an agreement to acquire 85 percent of Belmont Enterprises Ventures Ltd., the holding company of the Yonghe Group, which owns and operates the Yonghe King fastfood chain of quick-service restaurants in China.


                    [DatePublished] => 2004-02-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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BELMONT ENTERPRISES VENTURES LTD

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                    [ArticleID] => 256766
                    [Title] => Jollibee names CEO of China operations
                    [Summary] => Jollibee Foods Corp. (JFC) announced yesterday the appointment of Jeffrey Chao as chief executive officer for Yonghe King, its recently-acquired fastfood business in China.


                    [DatePublished] => 2004-07-08 00:00:00
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                    [Title] => Jollibee to expand in Indonesia and Europe
                    [Summary] => Jollibee Foods Corp., the largest and most profitable fastfood chain in the country, is counting on expansion abroad to continue growing as it saturates its home market.


At the sidelines of the company’s stockholders meeting Friday, Jollibee president Tony Tan Caktiong said the company is stepping up its overseas expansion to maintain its lead over competition and to further boost its profitability.


                    [DatePublished] => 2004-06-21 00:00:00
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                    [AuthorName] => Zinnia B. Dela Peña
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                    [ArticleID] => 244110
                    [Title] => Jollibee acquires control of China fastfood chain
                    [Summary] => Fastfood giant Jollibee Foods Corp. has made an initial payment of $11.5 million for an 85-percent interest in Belmont Enterprises Ventures Ltd., which operates the Yonghe King fastfood chain of quick-service restaurants in China.


The initial payment was made after all conditions set under the sale and purchase agreement entered into by JFC and Belmont have been met.


JFC agreed on a purchase price of $22.5 million for the acquisition of 77 Yonghe King stores. The initial payment of $11.5 million came from JFC’s surplus cash and external sources.


                    [DatePublished] => 2004-03-27 00:00:00
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                    [ArticleID] => 239413
                    [Title] => Jollibee eyes Indonesia, posts 21% profit hike in ’03
                    [Summary] => Jollibee Foods Corp.(JFC)  is now training its sights on Indonesia as its next possible area for future growth, company officials said yesterday.


In a briefing,  JFC chief financial officer Ysmael Baysa said the company is looking into expanding its operations in Indonesia either through the establishment of new stores or the acquisition of existing businesses.


"We have the financial capability to do another transaction in the same magnitude as the Yonghe King purchase.  It may happen next year," Baysa said.


                    [DatePublished] => 2004-02-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 238031
                    [Title] => Jollibee breaks into China market
                    [Summary] => Fastfood giant Jollibee Foods Corp. (JFC) has entered the lucrative China market following a deal to acquire a controlling stake in the Yonghe King chain of restaurants for $22.5 million.


In a disclosure to the Philippine Stock Exchange, JFC said it has signed an agreement to acquire 85 percent of Belmont Enterprises Ventures Ltd., the holding company of the Yonghe Group, which owns and operates the Yonghe King fastfood chain of quick-service restaurants in China.


                    [DatePublished] => 2004-02-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

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abtest

Jollibee names CEO of China operations

By Zinnia B. Dela Peña | July 8, 2004 - 12:00am

Jollibee Foods Corp. (JFC) announced yesterday the appointment of Jeffrey Chao as chief executive officer for Yonghe King, its recently-acquired fastfood business in China.

Business

Jollibee to expand in Indonesia and Europe

By Zinnia B. Dela Peña | June 21, 2004 - 12:00am

Jollibee Foods Corp., the largest and most profitable fastfood chain in the country, is counting on expansion abroad to continue growing as it saturates its home market. At the sidelines of the company’s stockholders...

Business

Jollibee acquires control of China fastfood chain

March 27, 2004 - 12:00am

Fastfood giant Jollibee Foods Corp. has made an initial payment of $11.5 million for an 85-percent interest in Belmont Enterprises Ventures Ltd., which operates the Yonghe King fastfood chain of quick-service restaurants...

Business

Jollibee eyes Indonesia, posts 21% profit hike in ’03

By Zinnia B. Dela Peña | February 18, 2004 - 12:00am

Jollibee Foods Corp.(JFC) is now training its sights on Indonesia as its next possible area for future growth, company officials said yesterday. In a briefing, JFC chief financial officer Ysmael Baysa said the...

Business

Jollibee breaks into China market

By Zinnia B. Dela Peña | February 8, 2004 - 12:00am

Fastfood giant Jollibee Foods Corp. (JFC) has entered the lucrative China market following a deal to acquire a controlling stake in the Yonghe King chain of restaurants for $22.5 million. In a disclosure to the...

Business