KUALA LUMPUR – Thailand’s Minor International is considering listing its restaurant business in Singapore instead of Hong Kong as it sees greater interest from potential investors in the city-state, according to people with knowledge of the matter.
Financial advisers are helping with a plan for Minor Food Group, which operates 80 restaurant brands spanning 2,700 outlets in 24 countries, according to its website. They include BreadTalk, Burger King, Poulet, Sanook Kitchen, Swensen’s, Thai Express and Xin Wang Hong Kong Café.
Hong Kong had been considered as a venue, people familiar with the information said earlier in 2026, adding that an IPO could raise more than US$400 million (S$513.8 million). The city has built on a buoyant 2025 for listings, with an even stronger year on the cards now – more than US$22 billion has been raised in Hong Kong IPOs in 2026, data compiled by Bloomberg show. Singapore’s total is only US$912 million.
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