- | JFC concludes JV with Panda |
- | JBPX Foods, Inc. established at $5 million stocks |
| JFC incorporates JBPX Foods, Inc. |
Amidst preparations for the country’s first Panda Express opening, Jollibee Foods Corp. formalizes its joint venture with Panda Restaurant Group, Inc. The venture concluded with the incorporation of JBPX Foods, Inc., certified by the SEC Friday. JFC and Panda will own equal shares in JBPX, which has an authorized capital stock valued at $5 million. Under the JV, five Panda Express stores are set to open in the country.
July 9, 2019 9:38 am