KUALA LUMPUR (Dec 15): Shares of QSR BRANDS BHD [] and KFC HOLDINGS (M) BHD [] (KFCH) jumped on resuming trade on Thursday after Johor Corporation and CVC Capital Partners Asia III Ltd teamed up to take over QSR and KFCH.
At 9.05am, QSR rose 51 sen to RM6.51 with 142,900 shares traded while KFCH gained 39 sen to RM3.80 with 381,200 shares done.
Johor Corp and CVC Capital offered RM6.80 for the QSR shares and RM3.79 for the warrants. At RM6.80, this is 80 sen above the closing price of RM6 on Tuesday while the offer price for the warrants was a premium of 77 sen from the closing price of RM3.02.
They also made an offer to KFCH of RM4 per share and RM1 per warrant. At RM4, this was 59 sen above the closing price of RM3.41 on Tuesday but five sen below the closing price of RM1.05.
At 9.05am, QSR rose 51 sen to RM6.51 with 142,900 shares traded while KFCH gained 39 sen to RM3.80 with 381,200 shares done.
Johor Corp and CVC Capital offered RM6.80 for the QSR shares and RM3.79 for the warrants. At RM6.80, this is 80 sen above the closing price of RM6 on Tuesday while the offer price for the warrants was a premium of 77 sen from the closing price of RM3.02.
They also made an offer to KFCH of RM4 per share and RM1 per warrant. At RM4, this was 59 sen above the closing price of RM3.41 on Tuesday but five sen below the closing price of RM1.05.
