Malaysia QSR Brands’ IPO Plan On Schedule, Targeting Listing By 1H-Managing Director

© Nikkei Markets

KUALA LUMPUR (Feb 28) — Malaysia’s fast food chain operator QSR Brands (M) Holdings Bhd is on track to return to Bursa Malaysia within the first half of 2019, its Managing Director Mohamed Azahari Kamil said Thursday.

“As far as the IPO is concerned, we are on target. The IPO will proceed as scheduled. We’re finalizing the documentation to submit to the regulators,” he said at a news conference.

QSR submitted a draft prospectus to the Securities Commission Malaysia in October. It said last year the company aims to raise 2 billion ringgit via the IPO.

QSR expects to open 24 more KFC restaurants in Malaysia this year, Azahari said. The KFC franchisee currently operates 820 restaurants in Malaysia, Singapore, Brunei and Cambodia. 

– By Gan Pei Ling
– Edited By Abhrajit Gangopadhyay