JCorp unlikely to accept Malay chamber’s bid for QSR, unit
Johor Corp (JCorp) is unlikely to accept a hastily planned competitive bid to buy Kulim (M) Bhd’s stake in QSR Brands and its fast food unit, KFC Holdings (KFCH). The Malay Chamber of Commerce Malaysia (DPMM) said yesterday it was rounding up “friendly parties” to jointly buy Kulim’s interests in QSR Brands and its unit, KFCH, even after the company had said it was not seeking other bids after accepting the one made by Massive Equity SB (MESB). However, JCorp had earlier said it will not sell its stake in MESB to “outsiders” and that CVC was roped in because of its expertise in the food business. (BT)
Cypark gets RM14.71m contract to upgrade landfill site
Cypark Resources Bhd has received a contract worth RM14.7m to upgrade the landfill site at Kok Foh, Jempol in Negeri Sembilan. It received the letter of acceptance for the contract dated 23 Dec from the National Solid Waste Management Department (NSMWD). (Financial Daily)
CCM streamlines operations
Chemical Company of Malaysia (CCM) has embarked on an internal restructuring to streamline and consolidate its polymer businesses into a single entity in a RM126.4m deal. The exercise would see the acquisition by CCM's wholly-owned subsidiary, Usaha Pharma (M) SB, of the entire equity interest in Innovative Polymer Systems SB, Innovative Resins SB and Delta Polymer Systems SB from CCM and CCM Usaha Kimia (M) SB. (StarBiz)
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