Minority owner Partners Group said the IPO proceeds will be used to further grow the Hangzhou-headquartered restaurant's 493 outlets and establish a centralised food processing facility; Clifford Chance, Citi and CMB International Capital were involved in the deal.
Sydney-based Ben Connolly will step up from his real estate role, while Philippe Perzi will join from Goldman Sachs where he was managing director and head of FIG.