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Jollibee boosts stake in Smashburger to 85%

Homegrown food giant Jollibee Foods Corp. (JFC) has further ramped up its stake in United States-brand Smashburger with an additional investment of $100 million. In a disclosure to the stock exchange on Tuesday, JFC said its wholly-owned unit Bee Good! Inc. (BGI) has purchased 45% shares in Smashburger Master LLC (Master), bringing its ownership in […] The post Jollibee boosts stake in Smashburger to 85% appeared first on BusinessWorld......»»

Category: newsSource: bworldonline bworldonlineFeb 13th, 2018

JFC completes deal to gain control of Smashburger

JOLLIBEE Foods Corp. (JFC) has completed its acquisition of an additional stake in American burger chain Smashburger, effectively expanding the homegrown fastfood giant’s global footprint. In a disclosure to the stock exchange on Tuesday, the listed company said it has completed all closing conditions and regulatory approvals for the acquisition of an additional 45% stake […] The post JFC completes deal to gain control of Smashburger appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 17th, 2018

Philippines’ Jollibee raises stake in U.S. based Smashburger Master

MANILA (Reuters) – Philippine fast-food giant Jollibee Foods Corp said it would pay $100 million for a 45 percent stake in Smashburger Master, making it the majority owner ofThe post Philippines’ Jollibee raises stake in U.S. based Smashburger Master appeared first on DZRH News......»»

Category: newsSource:  dzrhnewsRelated NewsFeb 14th, 2018

Jollibee craves for more stake in Smashburger

Jollibee craves for more stake in Smashburger.....»»

Category: newsSource:  rapplerRelated NewsMar 14th, 2017

Jollibee raising stake in Smashburger chain

Jollibee raising stake in Smashburger chain.....»»

Category: financeSource:  thestandardRelated NewsMar 14th, 2017

Jollibee gets bigger bite of US-based Smashburger

Philippine fast-food giant Jollibee Foods Corp. on Tuesday announced it has completed the acquisition of additional 45 percent share in US hamburger chain Smashburger Master LLC., as the homegrown food giant expands its global presence......»»

Category: financeSource:  philstarRelated NewsApr 17th, 2018

Ayala Land boosts stake in Prime Orion, positions it as industrial estate arm

MANILA, Philippines — Ayala Land Incorporated (ALI) folded its stake in Laguna Technopark Incorporated (LTI) into Prime Orion Philippines Incorporated (POPI), in a move that boosts its stake in the firm while positioning it as its logistics and industrial estate developer arm. ALI said that its “executive committee has approved ........»»

Category: newsSource:  rapplerRelated NewsMar 23rd, 2018

Jollibee firms up purchase of additional 45% in Smashburger

MANILA, Philippines — Jollibee Foods Corp. has formally signed an agreement to purchase an additional 45 percent of US-based Smashburger Master LLC......»»

Category: financeSource:  philstarRelated NewsMar 8th, 2018

Jollibee to refinance Smashburger’s $80-M loan

HOMEGROWN fastfood giant Jollibee Foods Corp. (JFC) is planning to refinance Smashburger Master LLC’s $80-million loan as it focuses on ensuring the long-term growth prospects of the Denver-based burger chain. In a disclosure to the stock exchange on Thursday, JFC said it has signed a commitment letter with Smashburger’s parent SJBF LLC for the payment […] The post Jollibee to refinance Smashburger’s $80-M loan appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 8th, 2018

MPIC boosts Meralco stake

Expands exposure in power sector.....»»

Category: financeSource:  philstarRelated NewsJun 14th, 2017

Jollibee to buy bigger chunk of US-based Smashburger

Jollibee to buy bigger chunk of US-based Smashburger.....»»

Category: newsSource:  manilatimes_netRelated NewsMar 14th, 2017

Phinma Energy boosts Tarec stake for P750M

Phinma Energy boosts Tarec stake for P750M.....»»

Category: newsSource:  manilatimes_netRelated NewsJan 6th, 2017

Jollibee completes sale of China restaurant stake

MANILA, Philippines – Jollibee Foods Corp., Asia’s largest food service company, has completed the sale of its 55 percent stake in Guangxi San Pin Wang Food.....»»

Category: financeSource:  philstarRelated NewsJan 4th, 2017

Jollibee sells stake in China’s San Pin

Jollibee sells stake in China’s San Pin.....»»

Category: financeSource:  thestandardRelated NewsJan 3rd, 2017

Jollibee selling stake in US firm for $1.6m

Jollibee selling stake in US firm for $1.6m.....»»

Category: financeSource:  thestandardRelated NewsDec 15th, 2016

Jollibee sells stake in Chinese restaurant chain

MANILA, Philippines – Jollibee Foods Corp. (JFC) will divest its stake in Guangxi San Pin Wang Food and Beverage Management Co......»»

Category: financeSource:  philstarRelated NewsDec 13th, 2016

Jollibee sells stake in China restaurant

Jollibee sells stake in China restaurant.....»»

Category: financeSource:  thestandardRelated NewsDec 13th, 2016

Aisin buys PH Toyota parts maker

A Japanese supplier of automotive parts has taken the helm of a now former member of the Toyota Group, planning to invest P1.2 billion for a new manufacturing line while improving the currently "underutilized" production capacity.   Through a joint venture signing on Thursday night, Aisin Seiki Co. Ltd. bought a major stake in Toyota Autoparts Philippines Inc. (TAP), a large player in the Philippine autoparts industry for nearly three decades now.   Aisin used to have only a 31 percent equity participation in TAP, while Toyota Motor Corp. (TMC) held 61 percent, and Toyota Motor Philippines Corp. (TMP) had 5 percent.   Aisin is now switching seats with TMC...Keep on reading: Aisin buys PH Toyota parts maker.....»»

Category: newsSource:  inquirerRelated NewsMay 25th, 2018

Miscues push Warriors to brink of elimination

By Shaun Powell, NBA.com HOUSTON — The hefty equipment bag sitting next to the visitor’s locker room entrance after Game 5 of the Western Conference finals never had a chance. Whack! went Draymond Green’s fist against it as he walked by. Well, at least the Warriors hit something as the night grew late. Once again, the defending champions, the team with four All-Stars, the franchise with a pair of former MVPs still in their prime and two of the most efficient machines of this generation went flatter than Texas when it counted. Missed shots, failed stops and poor decisions all piled on their heads. That fourth quarter was mostly a 12-minute mess. It doomed them at the finish, for the second straight game, and now has them on the brink — really! — in the conference finals. The Warriors awaken today with a pair of potential saving graces: Game 6 is in Oakland and Chris Paul is gimpy, and might be done for good. That could be enough to push this series to seven games. Yet nothing is for certain anymore in the Warriors’ world, if only because of the weird and uncharacteristic — for them — developments in the clutch. Simply put, their lack of composure and smarts is the reason they’re in a bind. Imagine: The Rockets don’t score 100 and James Harden missed all 11 of his three-pointers and the Warriors still lose. It was a strange, empty night for the Warriors where nothing made sense for them. Yes, Paul went nuts in the fourth quarter and Houston’s defensive rotations and traps are catching the Warriors — and especially Kevin Durant — by surprise, and yet the Warriors are also doing a good job of stabbing themselves. Thursday's (Friday, PHL time) 98-94 loss was another blown opportunity, another one that got away, and for the first time since The Finals two summers ago the Warriors are staring at elimination. The face of the Warriors in these back-to-back losses belongs to Durant, and it wears the look of a man confused and dumbfounded. He is 1-for-9 shooting over the last two fourth quarters, reduced to a supporting actor, a backup singer, instead of a beast. He’s not the total reason for this, but a strong symptom nonetheless. Could they fall short of The Finals, a place where they were all but destined to go? It’s a reality, obviously, and their margin for error is toothpick-like. But that’s not what coach Steve Kerr’s gut tells him. “I feel great about where we are right now,” he said. “That may sound crazy, but I feel it. I know exactly what I’m seeing out there … we got everything we needed. Just too many turnovers, too many reaches. If we settle down a little bit we’re going to be in really good shape.” Maybe some of Kerr’s mood has something to do with Paul grabbing a hamstring in the final moments, perhaps stripping the Rockets of their best player in this series. Maybe it’s just hard to fathom the Warriors losing four times in a best-of-seven. All that talent and past success can make a man stubborn, almost refusing to ponder the possibility of defeat. Fine, but Kerr and crew must find a way to clean up the bad choices they’ve made with the game on the line, before it becomes habit-forming. Eighteen turnovers isn’t a recipe for winning. “We can learn from it,” said Durant, “and we’ve got another opportunity at home. We’ll be ready to play.” Trailing by a point with 49 seconds left, here’s what the Warriors coughed up: * Quinn Cook missed a three-pointer. The big surprise is that the ball found Cook and he actually took a shot at that stage of the game. * Curry missed a driving layup, and rather than grab the rebound, Green slapped it out toward the perimeter, hoping a teammate would grab it. Trevor Ariza scooped the lose ball instead. * Then: Down three points and seconds left, the play was designed for Curry to spring loose for a three, but Green fumbled a pass that hit him in both hands. Game over. “We were supposed to score,” said Green. “I lost the ball. Nothing more, nothing less.” Before these self-inflicted misadventures, the Warriors were repeatedly punished by Paul, who recovered from an 0-for-7 first half with 18 points in the second half — complete with a payback shimmy aimed at Curry — before pulling up lame with 22 seconds left. Also, Eric Gordon dropped 24 points and went to the line 10 times, thanks to reach-in fouls by beaten Warriors defenders. “What we can’t live with is reaching and jumping on Eric Gordon’s pump fakes,” said Kerr. “We reached on James and he shot nine free throws. We’ve got to be a little more disciplined.” Overall, the Warriors withstood a manic Toyota Center and were locked in a tight finish against a 65-win team, but never led after the eight-minute mark and weren't nearly sharp enough to capture the lead. They were without Andre Iguodala again, but he’s a defensive specialist and for much of the night defense wasn’t a big issue for the Warriors; the Rockets shot 37 percent and Harden didn’t hurt them. Their problems were mistakes and missed shots. Anyway, Golden State has four All-Stars to Houston’s two, and now with Paul’s status questionable, maybe just one. That means, although the Warriors trail 3-2, they’re in a reasonably good position to keep the series alive. They’re not worried. There’s another emotion running through their bodies. “I think they’re angry,” said Kerr. “As they should be. They’re competitors.” This is new territory in the Durant Era. Remember, the Warriors lost only once last season and until the West Finals didn’t perspire much. As expected, the Rockets are indeed the biggest threat they’ve faced. It’s the series that’s meeting the high expectations for drama and suspense and a chance to see the mighty Warriors ousted. Does Paul’s injury linger and ultimately bail out the Warriors? Can Durant rediscover his touch in the clutch? Will the Warriors wise up or once again wig out? There’s nothing at stake, really, except a dynasty that a loaded team was created to become. Curry plans to remain cool and confident, and the Warriors really don’t have any other choice but to adopt that mentality. “We’ve played the last two games good enough to win but just haven’t gotten the job done," he said. "The way we played tonight, if we can repeat that, take care of turnovers, just stay mentally locked on the details for 48 minutes, we know we can get a win. “Just the talent we have on this team and the resiliency, you know we can get the job done. We know we haven’t been in this position before, so it’s a chapter we need to figure out and finish the story.” Veteran NBA writer Shaun Powell has worked for newspapers and other publications for more than 25 years. You can e-mail him here or follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting. .....»»

Category: sportsSource:  abscbnRelated NewsMay 25th, 2018

Newsome, Maliksi stake dunk, 3-point titles at PBA All-Star

Work does not stop for Chris Newsome and Allein Maliksi during the PBA’s break as they are set to defend their respective titles as the All-Star festivities reach its second leg here in Batangas on Friday afternoon......»»

Category: sportsSource:  philstarRelated NewsMay 24th, 2018

NBA viewing guide: May 14-29, 2018

The 2018 NBA Conference Finals will kick off very soon. With just two Finals berths at stake, the action is sure to be fast and furious. Check out the local schedules below for games from May 14 to 24 and don't miss any of the action! May 14 - 3:30AM - CLE vs BOS - ABS-CBN ch. 2 (delayed - 9:00AM), NBA Premium, BTV May 15 - 9:00AM - GSW vs HOU - S+A, NBA Premium, BTV May 16 - 8:30AM - CLE vs BOS - ABS-CBN ch. 2 (delayed - 9:00AM), NBA Premium, BTV May 17 - 9:00AM - GSW vs HOU - S+A, NBA Premium, BTV May 20 - 8:30AM - BOS vs CLE - ABS-CBN ch. 2 (delayed - 9:15AM), NBA Premium, BTV May 21 - 8:00AM - HOU vs GSW - S+A, NBA Premium, BTV May 22 - 8:30AM - BOS vs CLE - ABS-CBN ch. 2 (delayed - 9:00AM), NBA Premium, BTV May 23 - 9:00AM - HOU vs GSW - S+A, NBA Premium, BTV May 24 - 8:30AM - CLE vs BOS - ABS-CBN ch. 2 (delayed - 9:00AM), NBA Premium, BTV May 25 - 9:00AM - GSW vs HOU - S+A, NBA Premium, BTV May 26 - 8:30AM - BOS vs CLE - ABS-CBN ch. 2, NBA Premium, BTV May 27 - 9:00AM - HOU vs GSW - S+A, NBA Premium, BTV (if needed) May 28 - 8:30AM - CLE vs BOS - ABS-CBN ch. 2 (delayed - 9:00AM), NBA Premium, BTV (if needed) - May 29 - 9:00AM - GSW vs HOU - S+A, NBA Premium, BTV.....»»

Category: sportsSource:  abscbnRelated NewsMay 24th, 2018