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	<title>ChinaRetailNews.com &#187; Philippine</title>
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		<title>Jollibee Plans To Acquire Beijng Hongzhuangyuan</title>
		<link>http://www.chinaretailnews.com/2008/09/02/1431-jollibee-plans-to-acquire-beijng-hongzhuangyuan/</link>
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		<pubDate>Mon, 01 Sep 2008 19:30:02 +0000</pubDate>
		<dc:creator>ChinaRetailNews.com Editor</dc:creator>
				<category><![CDATA[Food & Beverage]]></category>
		<category><![CDATA[approval]]></category>
		<category><![CDATA[aquisition]]></category>
		<category><![CDATA[Beijing Hongzhuangyuan]]></category>
		<category><![CDATA[chain]]></category>
		<category><![CDATA[fast food]]></category>
		<category><![CDATA[Jollibee]]></category>
		<category><![CDATA[McDonald's]]></category>
		<category><![CDATA[Ministry of Commerce]]></category>
		<category><![CDATA[Philippine]]></category>
		<category><![CDATA[porridge]]></category>
		<category><![CDATA[restaurants]]></category>
		<category><![CDATA[Yonghe King]]></category>

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		<description><![CDATA[After acquiring YongHe King, Jollibee, the Philippine fast food chain, aims to acquire another Chinese food chain and the company has announced plans to acquire 100% of the equity in the Beijing Hongzhuangyuan porridge store chain for about USD55.5 million. According to Jollibee, the two sides have signed a final agreement, which is waiting for [...]]]></description>
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