TREE NEWS update: Philippine food giant Jollibee Foods Corp. (JFC) said on Sept. 1 it plans to inject its overseas business into a new entity, Jollibee Foods Corporation International (JFCI), and list it on the Hong Kong Stock Exchange. The move, disclosed via the Philippine Stock Exchange, marks a shift in the company’s capital strategy. JFC operates Yonghe King in China.
Jollibee to spin off international arm via HK IPO
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