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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
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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                    [SectionName] => Business
                    [SectionUrl] => business
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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
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YONGHE GROUP

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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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                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
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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
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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 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