Two big IPOs set for Q2 launch after a year’s drought

Not only are QSR Brands(left) and Leong Hup(right) International involved in the poultry business, they are also

KUALA LUMPUR: Malaysia’s poultry producer Leong Hup International and fast food operator QSR Brands are in advanced stages of launching their initial public offerings (IPOs) in the second quarter, which would revive the nation’s moribund primary market, sources said.

The IPOs, which were postponed last year due to weak markets, could together raise as much as US$900mil (RM3.66bil), the sources said, adding that the offerings could hit the market as early as April.