<article>Malaysia’s largest fast food operator QSR Brands is planning to relist on the local stock market and launch an initial public offering (IPO) worth over $400 million next year.</article>

Malaysia’s largest fast food operator QSR Brands is planning to relist on the local stock market and launch an initial public offering (IPO) worth over $400 million next year.
QSR operates and manages more than 450 Pizza HUT restaurants in Malaysia and Singapore, and is the sole KFC franchisee in Malaysia, Singapore, Brunei and Cambodia.
It was taken private in 2012 by a consortium, comprising London-based private equity firm <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=cvc">CVC Capital Partners</a>, Malaysia’s Employees Provident Fund, which is the country’s largest pension fund, and Malaysia’s Johor state’s investment arm Johor Corp for $1.3 billion.
The final size of the offering has has not been decided yet. The company will invite bankers to pitch for roles on the IPO in September, according to the Wall Street Journal’s <a style="color: #000080;" href="http://www.wsj.com/articles/ipo-for-malaysias-qsr-brands-could-raise-up-to-400-million-1472541653">report</a>.
The major shareholder, Johor Corp, with a 51 per cent stake in QSR Brands, might hold its shares for longer than the other shareholders, according to WSJ’s sources.
The report cited that if the IPO is successful, it would be the first sizable consumer-related offering in Malaysia in three years. The biggest to date was convenience-store operator 7-Eleven Malaysia Holdings BHD’s IPO, which raised $225 million in 2014.
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Malaysia’s largest fast food operator QSR Brands is planning to relist on the local stock market and launch an initial public offering (IPO) worth over $400 million next year.

Malaysia: QSR Brands to raise over $400m through IPO next year

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Malaysia: QSR Brands to raise over $400m through IPO next year

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