A company official said the privatisation of KFC Holdings
(M) Bhd and QSR Brands Bhd is still in the works. The spokesperson from Johor
Corp Bhd (JCorp) said: “The deal is certainly on. However, given the magnitude
of the more than RM5bil deal, it will take a bit more time since it involves
two listed entities as well as input from the franchisor Yum! Brands Inc. It is
hoped that the deal can be completed by December.” Last Friday, KFC said it was
giving more time to Triple Platform – a vehicle jointly owned by JCorp, the
Employees Provident Fund and CVC Capital Partners, to acquire the former. –
StarBiz
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