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August 31 KFC to open in CambodiaMalaysia's QSR to open KFC outlets in Cambodia
KUALA LUMPUR: QSR Brands Bhd is expanding its restaurant business under the KFC brand to Cambodia.
The first outlet is expected to be operational in Phnom Penh by year-end, said chairman Tan Sri Muhammad Ali Hashim during a press conference to announce the new venture Thursday.
The group plans to open four outlets initially in the capital as well as in major towns. This would be followed by two new restaurants every year.
The expansion to Cambodia involves setting up a joint venture company with two local partners, Royal Group of Companies Ltd and Rightlink Corp Ltd. QSR will hold 55% while Royal Group and Rightlink have 35% and 10% respectively.
QSR's initial investment is about US$3mil (RM10.5mil), which will be funded internally.
The group is hopeful that Cambodia would contribute profitably in the first year. "Everyone likes to eat chicken," Muhammad Ali said, adding that the country has a population of more than 14 million.
Presently, overseas operations, namely Singapore and Brunei, contribute about 15% of revenue.
If this latest venture proves to be successful, the group will consider expanding the Pizza Hut and Ayamas brands to Cambodia as well, Muhammad Ali said.
He noted that besides Cambodia, Myanmar and Laos also did not have the KFC presence. August 23 CF NO MOREOh My God! What happened to my dear CF? I couldn't log the page, I have no idea what is going on. CF used to face such problems before: Hackers, service problems and page problems. I hope none of these are tree for this moment. I hope its just regional problems, but it doesnt seems so, Joe from Australia, Annie from Singapore and My brother at Canada also can not open this page. KB must knows what's going on. I hope i can contact him now. Cambodia Forum is the first ever forum i joined... i have great love for this site. Online without CF is kinda boring, eventought its not an active forum as before but, i can find news and informations about Cambodia there. I hope everything would be alrite. August 13 Season of partyMan, just combine June, July and August affair, i can say i attended nearly 20 parties and special occasions. I nearly ran out of money sometimes... but thats not about money problems, party means times and spaces. I just like this kind of moment, be able to go anywhere without any kind of bad feelings. I mean, my parent used to restricted my times and schedule, now, no more, just a little bit actually. Maybe, I wait to see what will comes for the upcoming months. August 09 PianoHeyya, I started my Piano course at home. My parent hire a teacher for me, since they don't want me to spend so much time on internet. Guess what, I love piano music, and love playing it. They just don't know how to stop me killing my time. |
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