KUALA LUMPUR: QSR BRANDS BHD [] said early Monday, Nov 22, the indicative offer made by Tan Sri Halim Saad, will be based on an indicative price of RM5.60 a share.
QSR said this was a premium of 22% over the last six months volume weighted average price of QSR.
Last Friday, Halim made a preliminary proposal to acquire all the entire business and undertakings of QSR. The offer was made via Idaman Saga Sdn Bhd, a private company owned by Halim and Datuk Che Mokhtar'' Che Ali.
QSR reported net profit of RM26.20 million in the second quarter ended June 30.'' It has cash and cash equivalent of RM121 million while receivables and deposits are RM173.86 million. QSR is a subsidiary of Kulim.
QSR said this was a premium of 22% over the last six months volume weighted average price of QSR.
Last Friday, Halim made a preliminary proposal to acquire all the entire business and undertakings of QSR. The offer was made via Idaman Saga Sdn Bhd, a private company owned by Halim and Datuk Che Mokhtar'' Che Ali.
QSR reported net profit of RM26.20 million in the second quarter ended June 30.'' It has cash and cash equivalent of RM121 million while receivables and deposits are RM173.86 million. QSR is a subsidiary of Kulim.
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