KUB unit sells entire stake in A&W Malaysia for RM34mil

PETALING JAYA: Two years since the commencement of sale discussions for the A&W Malaysia Sdn Bhd chain of quick service restaurants, KUB Malaysia Bhd has now found a buyer who will take up the entire interest in A&W Malaysia for a total consideration of RM34mil.

According to a Bursa Malaysia filing yesterday, KUB via its wholly-owned subsidiary Restoran Kualiti Sdn Bhd had entered into a sale and purchase agreement with Inter Mark Resources Sdn Bhd for RM34mil, which comprises RM30mil for A&W Malaysia’s entire equity interest and RM4mil for reimbursement of intercompany balances.