Ting Hsin mulls US$800mil IPO


HONG KONG: Ting Hsin International Group, the Taiwanese food company behind the Master Kong brand, is weighing a Hong Kong initial public offering of its restaurant business in mainland China, according to sources.

The firm has invited banks to pitch for a role on the listing.

The Taiwanese company may include restaurant chains Dicos, a prominent fried chicken brand, and Master Kong Chef’s Table, which specialises in Taiwan-style beef noodles, in the listing, the sources said.

The IPO could raise about US$800mil, a source said. — Bloomberg

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

BCorp to divest entire 71.73% stake in Berjaya Higher Education
Tenure limit of independent directors set at 12 years
Nestcon secures RM188.5mil construction contract
Texchem to buy 28% stake in Sushi King for RM102.2mil
Proton to introduce smart automobile's new energy vehicles in Asean
UEM Sunrise unveils KAIA Heights sales gallery
KLCI down 0.8%, but energy stocks up on rising crude prices
Brent charges towards US$90 per barrel as Middle East unrest stokes supply disruption
PCG to build a 60,000 tonne melamine plant in Kedah
China drafts rules to ease property developers' use of escrow funds

Others Also Read


Vouchers