Hong Kong-based buyout firm PAG is working with an adviser as it considers selling its stake in restaurant operator Paradise Group Holdings Pte. Ltd., Bloomberg News reported, citing people with knowledge of the matter.
A potential sale could value the Singapore-headquartered company up to S$500 million, one of the people said.
A PAG representative did not comment on the matter, while a Paradise Group representative did not immediately answer requests for comment sent by the news outlet.
As of Oct. 18, US$1 was equivalent to S$1.36.