Market not impressed by RM1.62bil offer on QSR, share price falls


PETALING JAYA: Tan Sri Halim Saad's RM1.62bil offer to buy QSR Brands Bhd's business failed to impress the market, prompting some investors yesterday to lock in gains on QSR shares and related companies KFC Holdings (M) Bhd (KFCH) and Kulim (M) Bhd amid worries that the proposed takeover may not go through.

QSR's share price declined 37 sen, or 6.4% to RM5.39 on volume of 2.09 million shares.

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