Johor Corp's Last Card

Talk about a bailout this year in July and Johor Corp will relived the nightmare of the impending debt that they had to pay with a bond issue.

Near Desperate Plan

Johor Corp had swallowed more than they could digest of corporate and bank loans in expansion plans and fire sale of industrial estate and land would not do for it in the long run. Biting the bullet can be really painful.


And so, they do the obvious. As expected, they used Kulim to take QSR Brands and KFC private so that they can access the dividend horde in one fell swoop.

Mother Lode

So, the Bursar was informed today of their intention officially.

The offer: QSR shares at RM6.80 a piece and KFC shares at RM4.00

Dividend Horde

And so we say good-bye to another 2 quality counters.