date:Nov 07, 2012
Shareholders in Malaysia's two main KFC fast food franchisees have overwhelmingly backed a US$1.7 billion bid to take the business private, despite suggestions by some minority shareholders they would try to block the deal.
Shareholders in both QSR Brands Bhd and KFC Holdings (Malaysia) Bhd in meeting on Monday and Tuesday approved what is the largest such deal in Malaysia since the privatisation of pay-TV firm Astro All Asia Network Plc in 2010.
About 98 per cent of shareholders in QSR Brands