News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
<IPO>Jollibee Reportedly Weighing to Shift Potential Spin-off Listing of Intl Biz to HK
Philippine fast-food chain Jollibee is contemplating to shift the potential spin-off and listing venue of its international business from the US to Hong Kong, Bloomberg reported, c...
Reset
Send
The window will close in 5 seconds
<IPO>Jollibee Reportedly Weighing to Shift Potential Spin-off Listing of Intl Biz to HK
Close
Recommend
12
Positive
18
Negative
11
 
SHORT SELL
 
STOCK INFO
aacat by AASTOCKS
Open a new trading account to get 1 Intel/Selected Gold ETF share!

Philippine fast-food chain Jollibee is contemplating to shift the potential spin-off and listing venue of its international business from the US to Hong Kong, Bloomberg reported, citing people with the knowledge of the matter.

Jollibee has been rapidly expanding its overseas operations, wrestling with McDonald's Corporation (MCD.US)      and Yum! Brands, Inc. (YUM.US)      .

Related News HSBC Research: HKMA, SFC Tighten Cross-border Capital Supervision; Prefer BOC HONG KONG (02388.HK) over HKEX (00388.HK) and AIA (01299.HK)
The company is working with advisers with an aim to complete the listing as early as before the end of next year, people with the knowledge of the matter said.

They added that the deliberations remain at a preliminary stage and the plans may still change.

Jollibee’s Manila-listed shares have contracted by about 25% so far this year, reducing its market cap to approximately USD2.5 billion.

The group currently operates 24 outlets in Hong Kong, where it has strong appeal among the local Filipino community. The group also operates the dim sum chain Tim Ho Wan.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

Auto-translated by AI
View Original Text
This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

AASTOCKS Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.