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JFC: Share sale gains to fund PH BIZ, not Compose Coffee

By Inquirer - 4 months ago
Homegrown fast-food giant Jollibee Foods Corp. (JFC) will use the funds raised from a planned preferred shares issuance to support growth in the Philippines instead of funding its recent acquisition of a South Korea-based coffee brand. JFC chief financial officer Richard Shin told reporters last week the P8-billion issuance scheduled for later this year was

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