Jollibee mulls listing of int'l business in Hong Kong exchange

Homegrown fast food chain Jollibee Foods Corp. (JFC) on Tuesday announced plans to list its international business on the main board ot The Stock Exchange of Hong Kong Limited, which it said was “best suited” to business operations.

JFC said it is considering the listing of the shares of Jollibee Foods Corporation international (JFCI) in Hong Kong which provides access to global and regional investors, given the company’s existing presence and brand recognition across Asia.

“The decision reflects the continued development of the proposed transaction and the company’s assessment of the listing venue best suited to JFCI’s long-term ambitions and is best positioned to recognize the value of its distinctive business profile and growth potential,” the company said in an emailed statement.

“The fundamental rationale for the separation remains unchanged: to establish two independently listed businesses, each with a distinct strategic focus and investment profile, and with the ability to pursue its respective growth opportunities,” it added.

JFC on Tuesday also announced the appointment of Richard Chong Woo Shin as chief executive officer of JFCI, on top of his current roles as chief financial and risk officer of JFC, until completion of the proposed separation when he will take over as JFCI CEO on a full-time basis.

The company in January announced plans to list its international operations under a standalone business on a US securities exchange by 2027.

It earlier said it is reviewing the transaction structure for a possible listing in the United States, with internal teams and external advisers assessing options for the share distribution.

“Since the announcement of 6 January 2026 to list our international business, we have been doing the detailed work required to establish two strong, independent companies,” chairman Tony Tan Caktiong said.

“That work has reinforced our conviction in the listing and has led us to conclude that Hong Kong is the market best aligned with JFCI’s business, geographic footprint, and long-term ambitions,” he added.

The company is working with international and Philippine legal counsels Sidley Austin and Picazo Buyco Tan Fider Santos & Dee, and other advisors on the separation and listing process.

Shares in JFC last traded at P152.80 apiece, up by P2.80 or 1.87% from Monday’s finish of P150.00.
—RF, GMA News