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Stock impact report

Malaysian fast food operator QSR shelves IPO plans amid boycott campaign, sources say [Yahoo! Finance]

Starbucks Corporation (SBUX) 
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
Company Research Source: Yahoo! Finance
Asia, has indefinitely shelved plans to list on the local stock exchange as its businesses have been affected by boycott campaigns over Israel's military offensive in Gaza, two sources familiar with the matter told Reuters. Plans for QSR to hold an initial public offering that could raise up to $500 million have repeatedly stalled since 2017 due to, among others, worries that poor economic conditions could pose risks to its valuation. Such concerns have grown amid an ongoing boycott campaign in Muslim-Majority Malaysia, a staunch supporter of the Palestinians, against some Western fast food brands over their perceived links to Israel, the sources said. Malaysia's largest pension fund, the Employees Provident Fund (EPF), and European-based private equity firm CVC Capital Partners have paused the sale of their combined 44% stake in QSR due to businesses affected by the boycott campaigns, according to the two people, who declined to be named due to sensitivity of the matter. CVC Show less Read more
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