Jollibee says planning to pick Hong Kong over US to list international unit

Sept 1 : Philippine fast food giant Jollibee Foods Corp said on Tuesday it was planning to spin off and list its international operations on the Hong Kong Stock Exchange, abandoning earlier plans of a U.S. listing.Here are some more details:• Jollibee Foods said it was progressing in separating its international business, Jollibee Foods Corporation International, ahead of its planned spin-off and listing.• The fast food restaurant operator now plans for a Hong Kong listing citing its existing presence in the country and brand recognition in Asia. • "HKEX also provides access to a broad base of global and regional investors, making it well suited to support a business with ambitions that extend well beyond Asia, including continued growth in North America," Jollibee said.• Hong Kong has bec