Jollibee Foods Corp. re-evaluates preferred shares offering due to accelerated domestic growth.
Jollibee Foods Corp. (JFC) is re-evaluating its planned preferred shares offering due to faster-than-expected growth in its domestic business. Initially, JFC aimed to raise up to P8 billion through issuing five million preferred shares with an oversubscription option. However, the company's growth in the Philippines has surpassed its planned expansion, and JFC is now considering other fundraising options.
July 28, 2024
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