Southeast Asia KFC and Pizza Hut restaurants operator QSR Brands picks banks for Malaysia IPO
(Dec 10): QSR Brands (M) Holdings Bhd, which runs KFC and Pizza Hut restaurants in Southeast Asia, has picked banks to arrange a potential initial public offering that could be Malaysia’s biggest first-time share sale in four years, according to people familiar with the matter.
The Kuala Lumpur-based company chose CIMB Group Holdings Bhd and Citigroup Inc to work on the planned offering, said the people, who asked not to be named as the process is private. Credit Suisse Group AG and UBS Group AG have also been picked for the listing, which is expected to take place next year, the people said.
Deliberations are ongoing and the size and timing of the IPO could still change, the people said. Representatives for CIMB, Credit Suisse and UBS declined to comment, while representatives for QSR and Citigroup didn’t immediately respond to requests for comment.
The food chain operator, which is backed by private equity firm CVC Capital Partners, is seeking a valuation of more than 6 billion ringgit (US$1.4 billion) and aims to raise as much as US$500 million from the share sale, said the people. At that size, QSR’s IPO would be the biggest in Malaysia since Lotte Chemical Titan Holding Bhd raked in US$849 million in 2017, according to data compiled by Bloomberg.
QSR, which aborted a planned share sale in 2019, is reviving the process after seeing strong demand for MR D.I.Y. Group (M) Bhd and Ctos Digital Bhd’s first-time share sales, Bloomberg News reported in August.
The fast-food company has the sole right from Yum! Brands Inc to operate KFC restaurants in Malaysia, Singapore, Cambodia and Brunei, as well as Pizza Hut restaurants in Malaysia and Singapore, according to its website.
Owners of QSR, which also include state-owned Johor Corp and pension fund Employees Provident Fund, had considered selling their stakes in 2019, after the company shelved its US$600 million IPO earlier that year, Bloomberg News had reported.
http://www.theedgemarkets.com/article/southeast-asia-kfc-and-pizza-hut-restaurants-operator-qsr-brands-picks-banks-malaysia-ipo
Singapore Investment
-
-
-
-
-
-
-
-
-
Today’s Deal of the day – Dobin App2 hours ago
-
-
-
-
-
-
-
-
-
-
-
-
-
Thai Beverage – In Line As Margins Improve13 hours ago
-
Beware Of Scams20 hours ago
-
-
-
-
-
-
Buying a home for face1 day ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Finance Investment Movement 444 days ago
-
-
-
-
Going REITs Shopping Again5 days ago
-
-
Weekly Markets Outlook5 days ago
-
Market indeed coming down5 days ago
-
Cory Diary : Dividend Q1 '245 days ago
-
-
-
-
-
-
-
-
-
-
Banks and Miles Report – Mar 20241 week ago
-
-
Revisiting Bitcoin1 week ago
-
-
-
-
-
-
2024 (Portfolio Update)2 weeks ago
-
-
-
-
-
Retirement Journey Update for March 20242 weeks ago
-
-
-
1Q 2024 Investment Strategy Update2 weeks ago
-
-
Portfolio Summary for March 20242 weeks ago
-
Reasonable Dividend Yield 2024Q22 weeks ago
-
-
-
Portfolio (March 30, 2024)3 weeks ago
-
-
-
QAF #77 - 2023 Annual Report3 weeks ago
-
Lentor Hills Residences3 weeks ago
-
Burnt out!3 weeks ago
-
-
-
Feb 2024 Expenditure3 weeks ago
-
-
Starting Our Second Property Cycle4 weeks ago
-
-
Position Update4 weeks ago
-
-
-
-
-
-
-
-
-
Feb 2024 Portfolio1 month ago
-
-
Summary of February 20241 month ago
-
The Market Is A Scam!1 month ago
-
-
-
-
-
-
-
-
Options Trading Journal Jan 20242 months ago
-
-
-
-
-
-
-
-
End of 2023 Review3 months ago
-
-
Year 2023 DIYQuant Portfolio Performance Report3 months ago
-
Monthly Summary of November 20234 months ago
-
3 Simple Poker Strategies for Beginners4 months ago
-
Migration of website4 months ago
-
-
Abandon REITS?4 months ago
-
-
-
-
-
-
-
-
-
August 2023 Portfolio Updates7 months ago
-
-
-
-
Hello SP Group, I'm Back!9 months ago
-
-
-
-
A New Light11 months ago
-
-
-
-
-
-
-
Demoralized1 year ago
-
2022 Thoughts, Hello 2023!1 year ago
-
Series of Defaults for Maple Finance1 year ago
-
Takeaways from “Sea Change”1 year ago
-
-
Greed is Coming Back1 year ago
-
-
-
-
-
-
-
-
-
-
-
What is Overemployment1 year ago
-
-
-
-
-
-
-
-
-
-
-
Home
QSR
Southeast Asia KFC and Pizza Hut restaurants operator QSR Brands picks banks for Malaysia IPO