Story perspectives

Jollibee to List JFCI on Hong Kong Exchange

9/1/2026

Summary

Story summary

Jollibee Foods Corp will list its international unit, JFCI, on the Hong Kong Stock Exchange.
JFCI will hold Jollibee’s current overseas operations.
CFO Richard Chong Woo Shin will become chief executive of JFCI.
Jollibee Foods Corp will remain listed on the Philippine Stock Exchange for its domestic business.
Shareholders will receive JFCI shares proportional to their JFC holdings, subject to restructuring, due diligence and Hong Kong listing-committee approval.

History

Historical Context

In 1998, amid the Asian financial crisis, San Miguel Corporation’s new chairman Eduardo Cojuangco Jr. listed its beverage arm on the Hong Kong Stock Exchange, raising US $300 million and attracting 1.2 million investors, with market value hitting HK$2.5 billion in six months. The move proved a template for Jollibee Foods Corp, which now spins off JFCI overseas, signaling renewed confidence in cross-border financing.

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Story summary

Jollibee Foods Corp will list its international unit, JFCI, on the Hong Kong Stock Exchange.
JFCI will hold Jollibee’s current overseas operations.
CFO Richard Chong Woo Shin will become chief executive of JFCI.
Jollibee Foods Corp will remain listed on the Philippine Stock Exchange for its domestic business.
Shareholders will receive JFCI shares proportional to their JFC holdings, subject to restructuring, due diligence and Hong Kong listing-committee approval.

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