Jollibee Plans Hong Kong Listing
Philippine fast food operator Jollibee Foods plans to list its international business in Hong Kong rather than the United States. The company appointed Richard Chong Woo Shin as CEO of the international unit as shares rose 3.3 percent.
Xurve View
Insights:
Xurve View
JOLLIBEE FOODS CORP plans to spin off its international division and list in Hong Kong, shelving prior United States debut plans. The shift underscores the regional operator's push to leverage local brand strength in Asia. The move follows a surge in new listings across the Chinese territory.
