Southeast Asian fast food operator QSR again delays up to US$500 million IPO -sources – TODAY

SINGAPORE : QSR Brands, the Malaysian operator of KFC and Pizza Hut restaurants in Southeast Asia, has again delayed its domestic IPO of up to US$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 firm CVC Capital Partners and Malaysian state…