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Jollibee divests stake in C-Joy Poultry Realty
Business World Philippines
|May 27, 2025
LISTED fast-food operator Jollibee Foods Corp. (JFC) has divested its 30% stake in C-Joy Poultry Realty for P33.8 million as part of its move toward an asset-light business model.
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The stake was sold to Agrotex Commodities, Inc. through a share purchase agreement and deed of assignment involving 113,250 shares priced at P299.16 each.
C-Joy Poultry Realty owns the property in Sto. Tomas, Batangas, where the poultry processing plant of C-Joy Poultry Meats Production, Inc. is located.
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