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RM34mil

KUB sells entire stake in A&W Malaysia for RM34mil
KUB sells A&W franchise for RM34m KUB Malaysia Bhd has sold off A&W (Malaysia) Sdn Bhd to Inter Mark Resources Sdn Bhd for RM34 million. Under the sale and purchase agreement, it will dispose of its 100% interest in the franchise to Inter Mark Resources for RM30 million cash for the equity portion and RM4 million in reimbursement of intercompany balances. The proposed sale is expected to be completed within three months of the date of the agreement, with a three-month extension option. “The proposed disposal will enable KUB to realise its investment that is not considered as strategic and synergistic to its other operations, and at the same time, focus on the group’s core businesses,” stated KUB. KUB has been open to selling its stake in the A&W franchise since the middle of last year. The sale will result in a oneoff estimated net gain of RM18.9 million for the company. KUB operates some 39 A&W outlets in Malaysia under an extended franchise agreement which runs until June next year. “We’ll comply with the development agreement, we have to preserve the value of the asset by continuing to invest in new stores in compliance to the (franchise development) agreement,” said KUB president and managing director Datuk Abdul Rahim Mohd Zin. Is the Customer at the heart of your Digital Transformation? On 19th of July, MARKETING will be organising a conference on Customer-Centric Digital Transformation (#DTCX2018) to help you answer that question. The conference will be driven by Paul Stewart who authored the best-seller ‘Branded Customer Service’ and currently is the Special Advisor, Strategy & Transformation for  P. S. Thinking. Drawing from his 25 years of diverse experience as a Chief Economist, CEO and consulting in organisational change, transformation and innovation Paul will be sharing his learnings and current trends in this realm. He will be joined by key thought leaders in the areas of transformation, data analytics, customer service, branding, marketing, digital, human resources and more! Some of the key names who will be joining us include: * Imran Kunalan Abdullah, Advisor/Principal Consultant – Digital Talent Development & Leadership and People Analytics * George Aveling, CEO, TMI Malaysia * Laurence Smith, Head, Asia Region, SmartUP * Falko Leonhardt, Principal Consultant Transformation Strategy and Change, TMI * Mohd Adam Wee Abdullah, Group CMO & Chief Customer Experience Officer, CIMB Group * Rene Werner, Chief Customer Service & Customer Experience Officer, Celcom Axiata Berhad * Noelle Lim, Director, BFM Edge Education * Vigneswaran Sivalingam, Director of Operations, Teledirect of Telecommerce Get ready to be inspired by case studies on transformation, honest conversations on driving change and actionable insights you can take back to implement in your organisation. Date: 19th July 2018 Time: 8.30 am -6.00 pm Venue: Sime Darby Convention Center, Bukit Kiara For more information on DTCX 2018: Click to visit DTCXJuly19 Microsite. Download PDF Programme here. Contact Amira amira@adoimagazine.com | 03 7726 2588 Book your spot early to avoid disappointment! The post KUB sells entire stake in A&W Malaysia for RM34mil appeared first on MarketingMagazine. [...]
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