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July 2, 2021 | 12:09 am
SHAKEYâs said the entry of JE Holdings is seen to strengthen post-pandemic expansion plans. â FACEBOOK.COM/SHAKEYSPH
SHAKEYâs Pizza Asia Ventures, Inc. and JE Holdings, Inc. have signed a subscription agreement covering 152,439,025 common shares of Shakeyâs.
In a disclosure to the exchange on Thursday, Shakeyâs said the deal gives Gokongwei-led JE Holdings a nine percent slice of the company for P1.26 billion.
âAs disclosed on May 12, 2021, the board of directors approved the entry of JE Holdings to further strengthen post COVID-19 (coronavirus disease 2019) expansion plans,â Shakeyâs said.
The shares will be issued from the Shakeyâs unissued authorized capital stock.
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