QSR Brands set to go ahead with planned IPO
The funds collected will be used to fuel the expansion of their KFC and Pizza Hut stores in Malaysia.
QSR Brands, operator of KFC and Pizza Hut brands in Malaysia, is now going ahead of their planned initial public offering after having submitted a draft prospectus to the country’s Securities Commission to offer 1,465,926,000 ordinary shares.
The company will have 1,298,391,600 shares up for institutional offering, which is 31% of their enlarged issue capital and reserved for selected investors. The remaining 167,534,400 will be for the retail offering, representing 4% of the share capital.
The retail offering includes 41,883,600 issue shares that is reserved to the company’s employees, including its board of directors, while the rest are for the public.
Local media previously quoted Johor Corp that said that QSR planned to raise RM2 billion (US$481.2 million) and said the company would have an estimated market cap value of RM 6 billion (US$1.4 billion) upon listing.
(Photo credit: KFC Malaysia Facebook)
