Philippines’ Jollibee eyes Hong Kong over US to list international unit
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 US listing. 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…
The Hong Kong International School (HKIS) and its US founder have reached an out-of-court settlement following a lawsuit filed last year by the LCMS over allegations of financial mismanagement and accusations that the school catered to an "elite" population. The school, known for its American-style education rooted in Christian values, will no longer be governed by the LCMS but will continue offering its educational approach.
The school's Lower Primary campus in Repulse Bay remains in the LCMS's name, but procedures are underway for the lease to be transferred to HKIS. The LCMS will also no longer pursue the establishment of Hong Kong Pacific School, a new institution it planned to establish if HKIS did not address its concerns. The settlement ensures a fair resolution to the LCMS's long-standing concerns and allows the organization to focus on advancing its mission through other means.
Written by urgent.news from Hong Kong Free Press's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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