Government-linked private equity fund manager Ekuiti Nasional Bhd (Ekuinas) is undertaking a RM78.2mil follow-on investment in Rancak Selera Sdn Bhd to help the company expand its existing network to Singapore.
Rancak Selera operates 32 Burger King outlets in Malaysia. Ekuinas had invested RM68.2mil for a 74.1% stake in the company last September.
Ekuinas senior management said in a joint press release with Burger King Worldwide that the follow-on investment would enable Rancak Selera to acquire Burger King Singapore Pte Ltd, which has 41 outlets in the city-state. Full story
Related:
BURGER KING® Franchisee Rancak Selera Sdn Bhd Acquires BURGER KING® Restaurants in Singapore - Yahoo! Finance
