Jollibee Foods (PSE:JFC) said it was evaluating "various strategic options" for its international business following media reports that it could list the arm in Hong Kong instead of the U.S., according to a Monday filing with the Philippine Stock Exchange.
The Filipino fast-food giant in January announced plans to separate and list its international business under the Jollibee Foods Corporation International name on a U.S. securities exchange.
However, a recent report from Singapore's Business Times said the firm was working with advisers on a potential Hong Kong listing instead, with plans to execute the transaction by the end of next year.
"The company continues to evaluate various strategic options for the intended listing of its international business with a view to determining what would best serve the best interests of the company and its shareholders, and these evaluations remain ongoing," Jollibee Foods said in response to the report.