Friday 19 July
Dec 16, 2016 @ 0:40

Po family hungry to expand pizza business after Shakey?s smashing listing debut


Shakey?s Pizza Asia Ventures Inc. sizzled on its first trading day on the local bourse, rising 7.5 percent despite the market?s steep plunge after the US Federal Reserve raised interest rates.

From its initial public offering price of P11.26 per share, Shakey’s peaked at P12.36 per share prior to closing at P12.10.

The company remains bullish on its prospects in the near term as it plans to increase its store portfolio to 250 to 300. It expects to end the year with a total of 184 branches with 20 new ones in the works for 2017.

It plans to open between 12 and 15 stores annually. Each store entails an investment of about P20 million.

Please follow and like us:

Tags: , , , ,

Related Stories
The US Federal Reserve has created a "working group" that is coordinating with government agencies
The US Federal Reserve has regularly faced criticism from Donald Trump, but in recent days
The US Federal Reserve will hold its fire this week, leaving interest rates untouched and


Trending News

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.