“THE die has been cast,” as Kulim (M) Bhd chairman Tan Sri Muhammad Ali Hashim put it after the company's EGM yesterday. It is all systems go for Kulim to buy the additional shares it does not own in fast-food operator QSR Brands Bhd, which has a 32% stake in KFC Holdings (M) Bhd (KFCH).
After obtaining the much-needed nod from its shareholders, Kulim’s next step is to buy the 19.6% block of shares in QSR from Wisdom Innovative Technology Sdn Bhd as soon as practicable, after which it would proceed to serve the takeover notice on the QSR board.