Double Dragon IPO could be first IPO in 2014

A property development firm jointly owned by Jollibee Foods Corp.’s CEO Tony Tan Caktiong and Mang Inasal’s owner Edgar Injap Sia could be the first initial public offering (IPO) in the Philippine Stock Exchange (PSE) this year.

The company, DoubleDragon Properties Corp., filed an IPO application with the Securities and Exchange Commission on January 31, hoping to raise more than P1.16 billion from the transaction.

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Jollibee acquires Mang Inasal for P3 billion

Chickenjoy, Barbecue Chicken — and now Mang Inasal at Jollibee restaurants?
This scenario is bound to happen as Jollibee Foods Corporation (JFC) recently announced it is buying 70% of the Mang Inasal barbecue fastfood chain for P3 billion.

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Jollibee sells Delifrance business unit

Jollibee sells Delifrance franchiseBy 2011, gourmet sandwich and pasta company Delifrance will no longer be part of the Jollibee family. This is according to a disclosure by Jollibee Foods Corporation (JFC) sent to the Philippine Stock Exchange (PSE) on September 8.

The company disclosed that its wholly-owned subsidiary, Fresh N’ Famous Foods Inc. (FNF), has entered into an agreement to sell assets of its Delifrance business unit to CafeFrance Corp. for P100 million cash. In connection with the sale, FNF will terminate its franchise agreement with Delifrance Asia Limited on December 31, 2010.

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