Jollibee granted approval to remove foreign ownership limit

This comes after JFC amended its articles of incorporation.

Jollibee Foods Corporation (JFC) has received approval from the Philippine Stock Exchange (PSE) to lift its 40% foreign ownership limit, allowing unlimited foreign investment in the company.

The change comes after JFC amended its articles of incorporation, specifically removing its ability to own, acquire, mortgage, pledge, or encumber land.

With the restriction lifted, Jollibee is now poised to attract more global investors, strengthening its international expansion strategy.