Global investment giant Capital Group has quietly amassed a 5.05-percent stake in Universal Robina Corp. (URC), the Gokongwei-led consumer giant that makes Jack N’ Jill chips and C2 iced tea.
Business tycoon James L. Go, chair of Universal Robina Corp. (URC), is back in bargain-hunting mode, snapping up shares of the food and beverage giant that analysts see as undervalued.
Gokongwei-led food and drinks giant Universal Robina Corp. announced plans for a “strategic exit” from China amid a slowdown in the world’s second-largest economy.
Food and drinks giant Universal Robina Corporation (URC) reported a significant growth in net income to P4.4 billion, an increase of 21 percent, driven by a combination of higher operating income and favorable foreign exchange gains.