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Jollibee says planning to pick Hong Kong over US to list international unit
The planned spin-off would create two separately listed companies and give JFCI access to global and regional investors, the company said.
On Tuesday, September 1, 2026, Jollibee Foods Corp announced plans to spin off and list its international unit, Jollibee Foods Corporation International , on the Hong Kong Stock Exchange, abandoning an earlier proposed U.S. listing.
The move advances JFC's January plan to separate its international operations from its Philippine business, creating two independent companies with distinct strategic priorities and investment profiles.
JFC selected Hong Kong for its deep capital pools and brand recognition across Asia, describing the city as a "natural market" for JFCI's expansion into North America.
Jollibee appointed current chief financial and risk officer Richard Chong Woo Shin as CEO of JFCI, while existing JFC shareholders are expected to receive JFCI shares upon transaction completion.
The proposed listing remains subject to regulatory approvals from the HKEX Listing Committee, with JFC cautioning that final terms and timing of the separation remain uncertain.