QSR Brands Bhd has signed an agreement with Royal Group of Companies Ltd (RGC)
and Rightlink Corp Ltd Hong Kong (RCL) to form a joint venture company to
operate the Kentucky Fried Chicken Restaurant (KFC Cambodia) business in
Cambodia.
In a filing with Bursa Malaysia, QSR said the new joint venture company;
Kampuchea Food Corp Ltd (KFCL) would be responsible for the operations of KFC
Cambodia.
It said the new company would have an initial paid-up capital of $1.6 million
with QSR holding 55% equity, RGC 35% and RCL the remaining 10%.
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