Kuya J Group eyes IPO in 2020
The group will be joining the likes of Jollibee Foods Corp. and Shakey’s Asia Pizza Ventures Inc. in the local stock exchange.
Philippine-based restaurant chain operator Kuya J Group Holdings Inc. is planning for its initial public offering (IPO) on 2020, according to a report by Philippine Daily Inquirer.
“The brand is big already. It deserves an IPO,” Kuya J Group chair Lowell Yu said.
The group has no plans of doing a back-listing entry despite its acquisition of Pacifica Inc. that’s listed on the stock market.
The Kuya J brand has around 100 stores whose number is expected to double in two years.
The group currently owns Isa Sugbu Seafood City, Tsay Cheng Chinese Chusine, Majestic and Grand Convention Centre of Cebu. They also signed a master franchise agreement with Popeyes to bring the American chicken chain in the Philippines.
(Photo credit: Kuya J Facebook)
