QSR Brands (M) Holdings Bhd and its shareholders have decided to re-time the company’s initial public offering (IPO) following discussions with its bankers.

QSR Brands had planned to raise about RM2 billion from its listing, with an estimated market capitalisation of RM6 billion.

In a statement yesterday, the company said in the meantime, it will continue to focus on delivering results through the execution of various initiatives for its KFC, Pizza Hut and Ayamas businesses.

QSR Brands, Malaysia’s largest fast-food operation, is best known as the operator of KFC, Pizza Hut and Ayamas fast-food brands with 1,268 outlets and more than 35,000 staff in Malaysia, Singapore, Brunei and Cambodia.

It also manages a poultry farming segment that covers upstream and downstream interests. — Bernama