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KUALA LUMPUR: Johor Corp (JCorp) and CVC Capital Partners, a global private equity firm, are offering to privatise KFC Holdings (M) Bhd and parent QSR Brands Bhd at an estimated RM5.24bil or RM4 per KFC share and RM6.80 per QSR share.
LONDON: Financial.org, a UK company that describes itself as an education business and sponsors a Formula One team, is managing hundreds of thousands of dollars for Asian investors even though it is not licensed to engage in financial transactions, according to 17 people who say they have invested through the firm.
Separately UK-based Financial.org has told investors it will close their accounts and take 20 percent of their money if they do not raise their minimum investment to $10,000 (£7,158) from $3,000, according to a notice posted on its website and seven investors from China, Malaysia, Singapore, Taiwan, Thailand, the UAE and Vietnam.