Malaysia KFC operator aiming to revive IPO this year
Summary
[HONG KONG] QSR Brands (M) Holdings Bhd, which runs KFC and Pizza Hut outlets in South-east Asia, aims to revive an initial public offering as soon as the fourth quarter, people with knowledge of the matter said. Discussions of the IPO revival are in early stages and the companys earnings in the next two quarters will play a key role in deciding the timing, said the people, asking not to be named as the information is private. "We will make the necessary announcement at the appropriate time," QSR Brands managing director Mohamed Azahari Kamil said by phone on Thursday, declining to comment further. A listing of that size would give a boost to first-time share sales in Malaysia, where fundraising via IPOs dropped to the lowest annual tally in at least a decade. State-owned conglomerate Johor Corp and a fund under Malaysias finance ministry also sought to sell shares, the terms show.
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