Battle brews over Malaysian KFC stake
Article Abstract:
KFC Holdings Bhd owner Ishak Ismail is fending off his creditors who want to sell his shares unless he pays the loans he had acquired in the mid-1990s. Ismail holds a 30.5% stake in the firm which owns the Kentucky Fried Chicken franchise in Malaysia. Ismail's main creditor, Amcorp Bhd, has served notice to Ismail that he should settle his debts amounting to 300 million ringgit or $79 million or risk losing his shares which Ismail has pledged as collateral. KFC Holding's troubles are a microcosm of the economic troubles that hit Asia during the 1997 financial crisis.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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Struggle to revive stock
Article Abstract:
KFC Holdings (Malaysia) earned the wrath of minority investors after an annual report showed that the firm had shifted ownership of a building to Idris Hydraulic (Malaysia), also headed by major KFC shareholder Ishak Ismail, without obtaining payment. The company's shares dropped from 4.10 ringgit to 2.43 ringgit. Analysts deem that unless KFC shows that its owners are acting in the interests of minority stockholders, the share price will have to drop further before investors return.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Laus bow out of KFC's management
Article Abstract:
The Lau family of Malaysia has finally decided to stop managing its Kentucky Fried Chicken (KFC) franchise and relinquish their hold on the fast-food concern in favor of rival businessman Ishak Ismail after a prolonged battle for control of the entity. The Laus control 30% of KFC Holdings but they have been trying to sell all their stocks at prices that many investors find unattractive.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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