Malaysian fast food restaurant business QSR Brands (M) Holdings Bhd has revived plans for an initial public offering (IPO) that could be worth hundreds of millions of dollars, The Edge Weekly has reported, citing unidentified sources.
Advisors
Johor Corp, the controlling shareholder in QSR, which operates KFC and Pizza Hut franchises in Malaysia, has engaged Maybank Investment Bank and RHB Investment Bank as advisors, the business weekly said.
Delisted In 2013
QSR, Malaysia's largest fast food chain operator, was delisted in 2013 and attempted to relist in 2019, after several delays, to raise approximately two billion Malaysian ringgit ($474 million). The plan was shelved after investors deemed its valuation too lofty.
No Response To Requests For Comment
QSR and Johor Corp did not immediately respond to requests for comment outside of normal working hours.
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