This is a part of a plan to slim down drastically its core Asian coal trading business after a crisis-wracked two years.
Primary targets include the United States and China, where it already has joint ventures, including Dunkin' Donuts .
A successful bid by Jollibee would mark the biggest overseas deals to date by the Filipino company.
Deals are still being made and 2017 promises to be a year on par with 2015 but the road is not without hurdles.
AXA's Hong Kong wealth management unit is expected to be valued at about $500 million.
PE firm Abraaj Group is learnt to be is participating in the new Series C round.
Suitors for the oil business have already signed non-disclosure agreements.
Under the reorganisation, the investment holding function and the Malaysian airline business will be separated.
Mitsui will buy First Capital, the largest non-life insurer in Singapore, from Canada's Fairfax.
The private equity firms have hired an adviser to find a buyer for their combined stake of nearly 69 percent in Solusi Tunas Pratama Tbk PT (STP).
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