Thailand’s Minor International Is Said to Explore Hong Kong IPO for Restaurant Unit

Thailand’s Minor International Pcl, one of Asia’s largest hospitality groups, is considering a Hong Kong initial public offering for its restaurant business, people familiar with the matter said, at a time when Bangkok’s stock market tries to revive activity at home.

Minor Food, which operates restaurants including Burger King and Dairy Queen, is weighing an IPO that may raise more than $400 million as early as this year, the people said, asking not to be identified because the information is private. A Thailand IPO had been considered previously, local media reported last year.