Minor International eyes Hong Kong listing for restaurant arm
The group plans to be listed by the end of the year.
The owners of The Coffee Club plan to launch an initial public offering in Hong Kong before the end of the year.
This was recently announced by Dilip Rajakarier, Group CEO of Minor International, the parent company of restaurant group Minor Food, during a press briefing.
According to Rajakarier, Hong Kong was considered due to its wider investor base and higher valuations.
A final decision is expected to be made in the next quarter, with a potential listing at the end of the year.
Join QSR Media Australia community
Minor Food operates a variety of quick-service restaurants like The Coffee Club, Sizzler, Burger King, the Pizza Company, and Dairy Queen.
The move aligns with Minor International's strategy to reduce its debt. Part of this strategy could be launching its first real estate investment trust (REIT) in Singapore
