Wednesday, 22 August 2012

Jollibee expand with Taiwan's 12 Sabu

Jollibee Foods Corportation expand businees with joint venture from Taiwan's hot-pot cuisine '12 Sabu'.

Jollibee Foods Corp. on Wednesday beefed up its international business after forming a joint venture with a Taiwanese company for a hot pot food venture, according to AKTV report.

In a disclosure to the Philippine Stock Exchange, the homegrown fast-food giant said its wholly-owned subsidiaries Jollibee Worldwide Pte. Ltd. and Golden Plate Pte. Ltd. have entered into an agreement primarily with Hoppime Ltd., a subsidiary of Wowprime, to establish a company that will own and operate the 12 Sabu brand in China, Hong Kong, and Macau.

The 12 Sabu brand features "low-priced hot-pot dishes served in a clean and bright dining environment. It highlights safe and fresh food which each customer cooks in individual fast-heating stone hot pots." 


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