Fastfood giant Jollibee Foods Corp. said Friday it gained full control of Mang Inasal after it bought the remaining 30-percent stake in the roasted chicken chain for P2 billion.

Jollibee told the stock exchange that it bought the remaining stake of Mang Inasal's founders Injap Investments, Edgar Sia II and Ferdinand Sia.

Jollibee's shares were up 0.44 percent to P227 in noon trading after the announcement.

The fastfood pioneer acquired 70 percent of Mang Inasal Philippines in 2010 for P3 billion.

Jollibee Chairman Tony Tan Caktiong and Edgar Sia are also partners in community mall builder Double Dragon.

The Jollibee group also operates Chowking, Greenwich, Red Ribbon, and Burger King. It has 2,493 restaurants in the country and 650 others overseas.