and became listed in the Philippine Stock Exchange on December 15, 2016 with the ticker symbol . It was disclosed that IFFSI acquired ownership of the Shakey's trademark in the Philippines since 1999 and also owns the trademark rights for the Middle East, Asia (except Japan and Malaysia), China, India, Australia and New Zealand. Circa 2017 it signed a joint venture deal to bring the brand to Kuwait. SPAVI has garnered several recognitions over time. The company ranked in Financial Times’ feature on Asia-Pacific’s 500 high-growth companies in 2020 and 2021. It was also hailed as the “Philippines’ Best Small Cap Company” by Finance Asia in 2018. Aside from Shakey's, SPAVI has also acquired more food brands. In 2019, SPAVI acquired Peri-Peri Charcoal Chicken and Project Pie. In 2020, SPAVI entered into a master franchise agreement with Koufu Group Ltd. to bring R&B, a Singapore-based milk tea brand, to the Philippines. It opened R&B's first Philippine branch along Retiro Street in Quezon City in November 2021. In 2021, SPAVI acquired Potato Corner and later in 2022, PC International Pte. Ltd., a company that owns and operates the food kiosk brand in Singapore. The Shakey's Super League was formally launched on August 16, 2022, at the Shakey's Pizza ASEANA outlet in Parañaque City. This marks the return of Shakey's Pizza in Philippine volleyball since they served as the title sponsor for the Shakey's V-League (now Premier Volleyball League) from 2004 to 2017. Ownership changes and decline Shakey Johnson sold his half of the company for $3 million to Colorado Milling and Elevator in 1967, which acquired Plummer's half for $9 million the next year when Colorado Milling merged with Great Western Sugar Company to become Great Western United Corporation. In 1974, Shakey's was sold from Great Western to Hunt International Resources, famous for their attempt to corner the silver market. At the time Hunt International bought Shakey's in 1974, the restaurant chain had approximately 500 stores throughout the United States, including stores as far east as Latham, New York and Westbrook, Maine. Two franchisees bought the chain in 1984 and they sold out to Inno-Pacific Holdings of Singapore in 1989. By that time, the number of franchises had declined to 221. Most of the remaining U. S. stores closed during the time Inno-Pacific owned the chain. Some of the remaining franchisees took Inno-Pacific to court in 2003. Before the case could