Jollibee to raise up to P8B from preferred share sale 

MANILA, Philippines  – Tycoon Tony Tan Caktiong’s fast food giant Jollibee Foods Corp. (JFC) is strengthening its balance sheet with plans to raise up to P8 billion from selling preferred shares mainly to refinance maturing obligations. In a stock exchange filing on Monday, Jollibee said its board approved plans to sell between five million and
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