Philippine fast-food company Jollibee Foods Corp. says it is planning to list its international unit in Hong Kong rather than pursue a previously discussed plan to sell shares in the United States.
The decision marks a change in Jollibee’s financing and capital-markets approach for its international business. Bloomberg reports that the company is pivoting away from a US listing plan, while Channel NewsAsia frames the move as selecting Hong Kong for the international unit’s listing. Both outlets indicate the company is adjusting its strategy for where and how to raise or position capital through a public listing.
The reports do not provide full details in the provided excerpts on timing, the size of any offering, or whether a sale of existing shares versus issuing new shares is involved. The key point across coverage is the shift in listing venue from the US to Hong Kong for the international unit.
