KUALA LUMPUR: Shares of QSR BRANDS BHD [] fell in afternoon trade on Monday, Nov 22 after the indicative offer by Tan Sri Halim Saad was below investors' expectations.
At 2.32pm, QSR fell 26 sen to RM5.50 with 98,300 shares done.
The indicative offer was RM5.60 a share.
Last Friday, Nov 19, QSR's board of directors received a preliminary proposal from Idaman Saga, a private company owned by'' Halim and Datuk Che Mokhtar Che Ali, to acquire QSR's entire business. The share price had surged 29 sen to RM5.76 last Friday.
At 2.32pm, QSR fell 26 sen to RM5.50 with 98,300 shares done.
The indicative offer was RM5.60 a share.
Last Friday, Nov 19, QSR's board of directors received a preliminary proposal from Idaman Saga, a private company owned by'' Halim and Datuk Che Mokhtar Che Ali, to acquire QSR's entire business. The share price had surged 29 sen to RM5.76 last Friday.
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