Bursa Community
Would you like to react to this message? Create an account in a few clicks or log in to continue.

QSR, KFC, MESB to execute pact by May 21

Go down

QSR, KFC, MESB to execute pact by May 21  Empty QSR, KFC, MESB to execute pact by May 21

Post by hlk Mon 23 Apr 2012, 20:15

QSR Brands Bhd, KFC Holdings (Malaysia) Bhd and Massive Equity Sdn Bhd (MESB) have agreed on the execution date of the definitive agreement for the proposed disposal to be no later than May 21, 2012.

In separate statements to Bursa Malaysia today, QSR and KFC said the date for the fulfilment or otherwise waiver of conditions precedent in the offer shall refer to a mutually agreed cut-off date.

MESB is a special-purpose vehicle owned by Johor Corporation (JCorp) (51 per cent) and CVC Capital Partners (49 per cent).

JCorp has reportedly proposed to acquire 100 per cent of KFC's and QSR's business and undertakings through MESB.

JCorp owns 53 per cent of Kulim Bhd, which owns some 57.5 per cent of QSR, which in turn owns 50.6 per cent of KFC Holdings (Malaysia) Bhd, the country's leading fast food chain. -- Bernama

hlk
hlk
Moderator
Moderator

Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia

Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum