Nov 14 (Reuters) - Jollibee Foods Corp JFC.PS :
* ENTERED JV AGREEMENT WITH DIM SUM PTE. LTD. TO FORM A CO
IN THE
PEOPLE'S REPUBLIC OF CHINA
* AGREEMENT TO DEVELOP & OPERATE TIM HO WAN STORES IN
SHANGHAI AND
OTHER CITIES WITHIN THE PRC AS MAY BE AGREED WITH FRANCHISOR
* CO'S UNIT GPPL WILL OWN 60% OF THE BUSINESS AND DSPL WILL
OWN
THE REMAINING 40%.
* AGREEMENT ENTERED INTO BY UNIT GOLDEN PLATE PTE. LTD.
* GPPL AND DSPL HAVE COMMITTED TO INVEST UP TO USD13 MILLION
TO
THE JV, OF WHICH UP TO USD7.8 MILLION WILL BE CONTRIBUTED BY
GPPL
* AFTER INCORPORATION OF JV, UNIT SHALL SIGN A UNIT
FRANCHISE
AGREEMENT WITH TIM HO WAN PTE. LTD
Source text for Eikon: ID:nPSX5NH3V2
Further company coverage: JFC.PS