Business Times
QSR Brands Bhd has signed a deal with Royal Group of Co Ltd (RGC) to form a joint venture (JV) to operate broiler and processing production in Phnom Penh, Cambodia.
QSR holds the master franchise to operate KFC and PH restaurants in Cambodia.
QSR told Bursa Malaysia yesterday that having its own broiler farms will enable the group to manage its raw material cost and increase profitability.
It will also ensure that the group is self sufficient in terms of chicken supplies and be able to take necessary steps to comply with good manufacturing practice requirements.
Additionally, it will enable the group to control price fluctuations.
The initial paid-up capital for the JV is US$300,000, with QSR holding a 51 per cent stake and RGC owning the remaining 49 per cent.
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