The Malay Chamber of Commerce Malaysia (MCCM) is asking Lembaga Tabung Haji and other so-called “Bumiputera” funds to be its partners in bidding for a controlling stake in fast-food restaurants operator QSR Brands Bhd, chamber President Syed Ali Alattas said in a telephone interview today.
The chamber is also offering to buy Tambung Haji’s 23 per cent stake in QSR subsidiary KFC Holdings Malaysia Bhd at RM4.10 per share if it doesn’t want to be one of its partners, Syed Ali said. This is 10 sen per share more than CVC Capital Partners Ltd and Johor Corp offered in a proposed buyout on Dec. 14. -- Bloomberg
The chamber is also offering to buy Tambung Haji’s 23 per cent stake in QSR subsidiary KFC Holdings Malaysia Bhd at RM4.10 per share if it doesn’t want to be one of its partners, Syed Ali said. This is 10 sen per share more than CVC Capital Partners Ltd and Johor Corp offered in a proposed buyout on Dec. 14. -- Bloomberg
