1) Since the news that Kulim (M) Bhd to sell its entire stakes in QSR Brands Bhd, which in turn has 51.2 % stakes in KFC Holdings (M) Bhd, the market become keen to know who's going to win, either Tan Sri Halim Saad or Washington based Carlyle Asia Investment Advisors Ltd's, please clicks here for more info's.
2) Carlyle Group has more the USD 98 billion portfolio under its jurisdiction which I think far huge than Tan Sri Halim Saad has, I think so. With its portfolio and its entire expertise they have, plus with offer of 18% higher than Tan Sri Halim Saad offer, of course their offer is far more attractive than Tan Sri Halim Saad.
3) The question is, does Kulim (M) Bhd would consider the national obligation when selling their stakes? For your info, KFC Holdings (M) Bhd is local franchisee of KFC and Pizza Hut brand under Yum! Brands Inc., which operates these brands in Malaysia, Singapore and India. Do they reliazed this factor, or they just considering the commercial factors when deciding to sell off their entire stakes in QSR Brands Bhd? This is make me wonder.
4) Another question that I would like to ask, does QSR Brands Bhd was a burden to the Kulim (M) Bhd, which had prompted them to sell off their entire stakes? If that so, how was their lengthy legal battle with then previous owner to buying QSR Brands Bhd stakes, have they forgotten this? Now they decided to sell off their entire stakes after a brief period.
5) The national obligation seems was not in their mind, what they really interested is selling off their stakes to get fast money to avoid further burden.
6) The people of Malaysia should voice out their opinion about this issue as keep our national interest remains in our hands.
I will not be surprised if the one with more money wins. Money is god nowadays.
ReplyDeleteFurthermore, how "patriotic" Malaysians have become nowadays? The country may just mean a few ringgit and cents to some of them. They are here as long as there is something for them. What worse, the leaders of the country as well are not seen as "patriotic". Too weak and timid to uphold the law and order.
Just for your update of this issue (I assume you may know it already).
ReplyDeletehttp://www.themalaysianinsider.com/business/article/qsr-spurns-private-equity-bids-stock-falls/
On your point of "patriotism", yes I do agree with you. Even a developed country such as Germany, were so protective when it comes to the things considered having national interest. It was happen to Volkswagen, when Porsche has bought its share to be majority share holder as to avoid the so called foreign hostile takeover.