QSR Brands goes ahead with relisting

Still going on: Kamaruzzaman had said QSR planned to raise RM2bil from its IPO.

PETALING JAYA: QSR Brands (M) Holdings Bhd, the operator of KFC and Pizza Hut restaurants in Malaysia, is going ahead with the relisting of its shares on Bursa Malaysia, even as other companies are putting initial public offering (IPO) plans on hold.

According to a draft prospectus submitted to the Securities Commission yesterday, QSR Brands is offering a total of 1.465 billion shares for sale in its IPO, which includes a public issue of 70 million new shares.