JOLLIBEE FOODS Corp. (JFC) said it is still evaluating where to list its international business, as it reviews options following reports that it might consider Hong Kong instead of the US for the planned spin-off. In a disclosure on Monday, the listed fast-food chain said it has not finalized a decision and reiterated that it, BusinessWorld reported.
The company’s statement comes amid speculation that JFC is leaning toward a Hong Kong listing for its international arm, which includes brands like Yonghe King and Highlands Coffee, rather than the previously considered US venue. Analysts have noted that Hong Kong could offer a higher valuation and easier access to Asian investors, though JFC stressed that no binding decision has been made.
Jollibee’s international business has been a key growth driver, and a spin-off listing could unlock shareholder value. The company’s board has yet to approve any definitive plan, and JFC said it will continue to review all strategic options to maximize long-term returns.