KUALA LUMPUR (Dec 14): Johor Corporation Bhd and CVC Capital Partners Asia III Limited have made a joint offer for KFC Holdings Bhd (KFCH) at RM4 per share and RM1 per warrant.
At RM4, this is 59 sen above the closing price of RM3.41 on Tuesday but the offer of RM1 for the warrants was five sen below the closing price of RM1.05. The securities were suspended from trading on Wednesday and resume trading on Thursday
KFCH announced to Bursa Malaysia on Wednesday that it had received a letter from Massive Equity Sdn Bhd (MESB) which sets out MESB's conditional offer to acquire the entire business and undertaking including all of the assets and liabilities of KFCH.
MESB shareholders are Johor Corporation's unit Triple Platform Sdn Bhd which owns 51% stake, and CVC Capital Partners' unit Melati Asia Holdings Ltd (49%).
At RM4, this is 59 sen above the closing price of RM3.41 on Tuesday but the offer of RM1 for the warrants was five sen below the closing price of RM1.05. The securities were suspended from trading on Wednesday and resume trading on Thursday
KFCH announced to Bursa Malaysia on Wednesday that it had received a letter from Massive Equity Sdn Bhd (MESB) which sets out MESB's conditional offer to acquire the entire business and undertaking including all of the assets and liabilities of KFCH.
MESB shareholders are Johor Corporation's unit Triple Platform Sdn Bhd which owns 51% stake, and CVC Capital Partners' unit Melati Asia Holdings Ltd (49%).
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