Brunei Cambodia Economy Fast Food Hong Kong Investment IPO KFC Malaysia Pizza Hut private equity Singapore South Korea Website Yum
By Yantoultra Ngui and Anshuman Daga SINGAPORE (Reuters) – QSR Brands, the Malaysian operator of KFC and Pizza Hut restaurants in Southeast Asia, has again delayed its domestic IPO of up to $500 million on worries that poor macroeconomic conditions could hurt its valuation, four sources told Reuters. QSR (M) Holdings Bhd, which holds the sole right from Yum! Brands Inc to run the fast food chains in Brunei, Cambodia, Malaysia and Singapore, is now looking to launch its initial public offering (IPO) next year, the sources, who were aware of the matter, said. The company, backed by private equity…
News Timeline:
Track the development of this news story across the Internet.