Malaysian KFC, Pizza Hut operator QSR Brands revives IPO plan
Southeast Asian KFC and Pizza Hut operator QSR Brands is seeking to reboot its IPO in the fourth financial quarter this year.
The firm was previously in talks to sell its Malaysia shares, but has since backtracked on the plan and returned to its initial IPO agenda, with its financial performance over the next two quarters crucial to the timing. The firm potentially stands to raise US$600 million in listing.
QSR Brand’s MD Mohamed Azahari Kamil told Bloomberg the firm will make the necessary announcement at the appropriate time without further comment.
The company has been assessing investor demand since March.