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2026-06-05 17:25:16 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). 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. ~ AASTOCKS Financial News Website: www.aastocks.com | |