KFC Malaysia parent plans IPO
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KFC Malaysia parent QSR Brands (M) Holdings, is arranging an IPO next year expected to raise about US$500 million.
The company, which has both KFC and Pizza Hut restaurant concessions in Southeast Asia,
Citigroup, Credit Suisse Group and Malayan Banking will lead the offering. QSR has also chosen CIMB Group Holdings and RHB Bank to work on the share sale, reports the Business Times.
The Kuala Lumpur-based company is seeking a listing after first-time share sales raised US$270 million this year.
CVC, Employees Provident Fund and Johor Corp took QSR Brands private in 2013. It manages more than 730 KFC restaurants in Brunei, Cambodia, India, Malaysia and Singapore, as well as more than 450 Pizza Hut outlets in Malaysia and Singapore.
Questions & Answers
Q.Which financial institutions are leading the initial public offering for QSR Brands?
Which financial institutions are leading the initial public offering for QSR Brands?
Citigroup, Credit Suisse Group and Malayan Banking are leading the offering. CIMB Group Holdings and RHB Bank have also been chosen to work on the share sale.
Q.When did QSR Brands last operate as a private company, and who took it private?
When did QSR Brands last operate as a private company, and who took it private?
QSR Brands was taken private in 2013 by CVC, Employees Provident Fund and Johor Corp. This IPO marks its return to the public market.
Q.What is the expected amount QSR Brands aims to raise through this initial public offering?
What is the expected amount QSR Brands aims to raise through this initial public offering?
QSR Brands is arranging an IPO next year which is expected to raise approximately US$500 million. This follows other first-time share sales this year.
Q.In which countries does QSR Brands manage its KFC and Pizza Hut restaurant concessions?
In which countries does QSR Brands manage its KFC and Pizza Hut restaurant concessions?
QSR Brands manages over 730 KFC restaurants in Brunei, Cambodia, India, Malaysia and Singapore. It also operates more than 450 Pizza Hut outlets in Malaysia and Singapore.
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