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KUALA LUMPUR – Thailand\u2019s 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.<\/p>\n
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\u2019s, Thai Express and Xin Wang Hong Kong Caf\u00e9.<\/p>\n
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 \u2013 more than US$22 billion has been raised in Hong Kong IPOs in 2026, data compiled by Bloomberg show. Singapore\u2019s total is only US$912 million.\u00a0<\/p>\n
Still, Singapore\u2019s Straits Times Index is up 7 per cent in 2026, outperforming Hong Kong\u2019s Hang Seng Index, which has retreated about 5 per cent.\u00a0<\/p>\n
Deliberations are ongoing and no final decision has been made on Minor Food\u2019s potential listing, the people said.\u00a0<\/p>\n
Minor International didn\u2019t respond to a request for comment.\u00a0<\/p>\n
The Thai-listed hospitality giant has said it\u00a0seeks to list a real estate investment trust (Reit) in Singapore before the end of 2026.<\/span><\/a> The Reit would hold 14 hotels for a US$1 billion IPO.<\/p>\n Minor International, which runs a portfolio of more than 600 hotels worldwide, including its flagship Anantara Hotels & Resorts, is also in a partnership to build its first hotel in Singapore. The 200-key Avani Singapore in Tanjong Pagar is expected to open in early 2027. BLOOMBERG<\/p>\n