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