Scribd
Upload
577 views2 pages

Jollibee Foods Corporation and Chowking Food Corporation

Jollibee Food Corporation and Chowking Food Corporation merged to improve operational efficiency. Chowking will be the surviving entity and be renamed Fresh N' Famous Foods Inc. It will become the second largest food service company in the country after Jollibee. The merger aims to simplify Jollibee's legal structure and administrative processes.

Uploaded by

Rimalyn Vasquez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
577 views2 pages

Jollibee Foods Corporation and Chowking Food Corporation

Jollibee Food Corporation and Chowking Food Corporation merged to improve operational efficiency. Chowking will be the surviving entity and be renamed Fresh N' Famous Foods Inc. It will become the second largest food service company in the country after Jollibee. The merger aims to simplify Jollibee's legal structure and administrative processes.

Uploaded by

Rimalyn Vasquez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

Jollibee Food Corporation and Chowking Food Corporation

Jollibee and Chowking combined in line with efforts to enhance their operation

efficiency. In a disclosure to the Philippine Stock Exchange, Jollibee said the merger is

part of its program to simplify its legal structure and improve its administrative efficiency.

Chowking will be the surviving entity. According to Jollibee Food Corporations six

brands in the Philippines including the chowking franchise grew strongly, with each

one’s system wide sales increasing by double digit percentage over those of 2015.

Chowking which will be renamed Fresh N’ Famous Foods Inc. will be the

second largest food service company in the country after Jollibee. It will be 52 percent

the size of Jollibee brand in terms of system-wide sales, a measure of all sales both

from company-owned and franchised stores. The merged entity will be expanded and

more branches will be added.

Merging a business/companies has effects on capital structure, financial position,

market reaction and future reaction. Merging and Acquisition activity obviously has

longer-term for the acquiring company or the dominant entity in a merger, than it does

for the target company in an acquisition or the firm that is subsumed in a merger. Most

of the companies engaged in merging and acquisition to become bigger, to grow in size

and leapfrog their rivals. Also others are because of the tax purpose.
PLDT Inc. and Globe Telecom

PLDT (Philippine Long Distance Telephone Company) acquired the

equity interest of the telecommunications business of San Miguel

Corporation with Globe Telecom Inc. This acquisition will provide significant

benefits to PLDT, Smart, TNT and Sun Cellular customers, further improve

internet and data services for the public, and speed up country’s overall

development efforts. This will enable PLDT to provide attractive mobile

connectivity and digital services to its consumer and enterprise customers

at affordable prices. Stronger networks and connectivity are key enablers

for individual and enterprise sector productivity and cost efficiency.

The merging or the combination of the company have a good effect to

the consumer and to the business itself. Access to additional frequencies

will help significantly improve internet speed, quality and coverage. This will

enable PLDT to pursue a growth-focused expansion of its network and

extend internet services to a large number of customers in more areas in

the country.

You might also like