PSE Approves JFC's Foreign Ownership Limit from 40% to "No Limit"

The Philippine Stock Exchange (PSE) has approved request of Jollibee Foods Corporation (JFC) to amend its Foreign Ownership Limit from 40% to "No Limit", in light of the amendments to the Corporation's primary and secondary purposes under its Articles of Incorporation, particularly the removal of the Corporation's ability to own, acquire, mortgage, pledge or encumber land and/or any interest therein.

Jollibee Foods Corporation (JFC) is one of the largest Asian food service companies with 18 brands in 33 countries. At the end of February 29, 2024, JFC’s store network increased by 6.1% compared to a year ago. JFC operated 6,902 stores worldwide: Philippines (3,336) and International (3,566): 557 in China, 388 in North America, 344 in EMEA, 789 with Highlands Coffee mainly in Vietnam, 1,172 with Coffee Bean and Tea Leaf (CBTL) and 316 with Milksha. Its largest brands by store outlets worldwide are Jollibee with 1,671, CBTL 1,172, Highlands Coffee 789, Chowking 617, and Mang Inasal 573.