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Bloomberg
QSR Brands (M) Holdings Bhd, which runs KFC and Pizza Hut outlets in Southeast Asia, aims to revive an initial public offering as soon as the fourth quarter, people with knowledge of the matter said.
The company shelved its Malaysia shares sale after talks with its bankers, without giving a reason. Discussions of the IPO revival are in early stages and the company’s earnings in the next two quarters will play a key role in deciding the timing, said the people, asking not to
be named as the information
is private.
“We will make the necessary announcement at the appropriate time,†QSR Brand’s Managing Director Mohamed Azahari Kamil said by phone, declining to comment further.
The company planned to raise as much as $600 million in the share sale, according to terms for the deal.