KUALA LUMPUR, Aug 21, 2015:

The Burger King franchise in Malaysia has been sold to the 99SpeedMart founder Lee Thiam Wah and Pemudah member Datuk Chua Tia Guan, who was overlooking the implementation of the Goods and Services Tax.

The sale by Ekuiti Nasional Bhd (Ekuinas) comes months after earlier plans to sell the fast food franchise to Brahim’s Holdings Bhd fell through.

In a statement, Ekuinas said it has sold the Burger King franchise in Malaysia and Singapore for RM74.6 million to Newscape Capital Sdn Bhd – owned by Chua and Lee – after a sale process conducted together with BK Asiapac Pte Ltd, the master franchisor for the brand in the Asia Pacific region.

With the sale, Ekuinas said it had made loss in the franchise investment with “a negative internal rate of return of 28.1% and investment recovery of 0.45 times of capital invested.”

Ekuinas had acquired a 95% equity interest in the Malaysian franchise – except for the KLIA outlet – and a 100% equity interest in the Singapore business progressively in 2011 and 2012.

Chief executive officer Datuk Abdul Rahman Ahmad said: “This exercise has also enabled Ekuinas to successfully complete the restructuring of its F&B portfolio involving our exit from the quick service restaurant segment to fully focus and expand on the core casual dining and beverage segments with brands such as Tony Roma’s, Manhattan Fish Market, New York Steak Shack, Coolblog and San Francisco Coffee.”

He added that the exit from Burger King group brings the total realisation proceeds generated by Ekuinas from its divestment activities to RM1 billion across five investments after nearly six years in operations.

http://www.therakyatpost.com/business/2015...edmart-founder/

mesti burger murah lepas ni.

lol..someone tell me losmah got share in 99 earlier.
anyone knows? totally bs rumour?

Time to be 1st fast food with bacon. As it is, BK is slowly being wiped out.

Never got to sell the shares in the end to Rosmah. Maybe they worked out something else in the end. 99 Tower at Berkeley roudabout ready to move in i See.

plzzz make it non halal and bring in bacon plzzz plzz plzzzzzzzzzz

99SPEEDMART MY FEVERET

Brb, going 99 to buy burger now

make cheeseburger 99cents plssss

Yes bacon so nice to eat

hahahaahaah ...
i just laugh at u

boycott burger king

During VT's ownership also no bacon~

Yeah, thats what i heard too but not sure if its true.

I thought she in kk not 99?

Bk akchelli good .. grilled burger for price of mcchiken.. plus better fri3s too.. just that so few outlets.. and other than grilled chicken ntg else is worth it

habis la no burger king for low yat 2 liao

BK usually service is bad. Slow. The food is ok. The recent move explains a lot why there wasn't a Hari Raya menu.

Wonder how much "donation" the new BK owner had committed in order to cut tis deal

Didnt know Ekuinas own Tony Romas

This post has been edited by gnome: Aug 24 2015, 02:40 AM

I hope their whopper will come in big size like losmah's hair this time

Check out the fridge. Beeeeerrrrrrr


Attached thumbnail(s)

McD food even worse but service is fast

Totally rumor lah. No way man.. But ABN by Dato K K Eswaran perhaps lismah got shares.

Selling coffee higher profit margim meh.. :grin

No synergy with current portfolio. If me too will dump. Last time bk malaysia worth rm145m.

now speedmart99 got sell burger king. rm 5 per set

Fixed

Kaya 99 owner ni dah

rm70+million only?

i thought it would be more than that...

99 speedmart is my fav, but it is killing the usual mom and pop grocery store...

My fav ah so grocery lingkup already after 99 open two blocks from her grocery... pity her

BK stupid menu, last time whooper set RM18, while whooper jr set is rm6.50. Better buy 3 junior lo

u dont read ka bhai the article

ekuinas sold BK at a LOSS

before this price higher than that...but desperate seller mar...kena potong kaw2 liao by 99speedmart

99speedmart murah like fark liaoo....kicimiao ahso sundry shop mampui owhh...even giant, aeon big kenot lawan price with 99

ayam bought baby formula at 99 speedmart...rm64...at giant rm68...at aeon big rm72

maybe 99 take profit 20 sen onli..hahaha

dun get ur hopes up about bacon burgers.

it aint gonna happen unless the new owners want to make huge changes in the BK workforce.

Master race usually bad at business...

Just stick to our stronghold in politicking and songlap...

Leave the business matter to our business race fren better

mana ada rm5.. speedmart sytle rm4.99!!

Dont just see the size of their store..

Tesco or Giant may have bigger store but 99 store numbers nationwide means that they took more stocks from the supplier and thus able to drive down price lower

They also have low operating cost especially with lower rental cost

he opened right next to my aunt's grocery store....she complained her business badly affected
but i saw she is still enjoying life like usual while minta sedekah from her sis and bro(for subsidy)

So, BurgerKing no GST?

Ohyeah imcoming all speed mart got bk booth.ohsem...can tapao 7 11.

their target is normal grocery store...never big shot super/hypermarket like giant, servay, milimewa, Gmart(especially giant and servay)

my area got 3 speedmart nearby , more cheaper than tesco and other retail supermarket.. andd its killing the local runcit store,now all kedai runcit start to sell fresh groceries where speedmart dun have

mana ada murah, aku beli Sunlight dish washing liquid at rm6+ kat sana.
masuk tesco, rm4+ jer

Syukur ada 99 Speedmart lebih murah dari Kedai 1M'sia

dam son..whos tht milf in ur avatar

pm more pic/fb/insta bro

Mana hak kami??

Even without bacon and pork also muslim will find ways to boycott

Mcd
Dna in cadbury
Dna in tabasco

But then, tgif is halal or not now? Tony romas?

burger king in 99speedmart soon - walk in take away only, no dine in

99 new burger menu coming

yeah, some stuff are cheaper. Frankly, i don't see anymore sundry shop in my area (except pasar)...all are Speedmart or KK Mart. Speedmart buy Massimo also cheaper 10 cents from retail price...mana cari wei.

Yeah...all moms and pops shops all tar pau-ed many years ago. Only left are the Chinese herbs store +mini market. Those still can survive due to their specialized products and they sell sundry as side business. People who buy herbs will tend to buy sundry as well. No need to run here and there.

hi abang poo

If BK continues the current model, they would still be wiped out irregardless of owner.
The burger business in msia is very competitive. The only way for BK is to innovate and try new ideas while BK still has some amount of branding.

BK is a bit expensive, but does not taste as good as my favorite Burger JunkYard. I believe BK is bigger than McD in the US, but here somehow, they flopped. It does taste better than McD (McD here is sampah burger), but the price can't reach mass market...McD breakfast is very successfuly with the RM4-RM6 meal.

lel keep on dreaming.. why allienate 60% of the population

Price and taste lose to MCD.
So need new ideas. Either intro pork/,vegetarian or reduce price a lot.
BK is not in a good position.

how can u even say that ?

Not meh? Last it was lah...no i don't really know.

Nope. BK still taste better than McD. McD is the Sampah King of Burgers.

This post has been edited by SushiBurgerX: Aug 24 2015, 12:02 PM

Revenue isn't the only measure of success when it comes to fast food chains -- they also compete for size and reach. Here are the biggest QSRs in the U.S., by number of locations:

Subway, 24,722
McDonald’s, 14,098
Starbucks, 10,821
Pizza Hut, 7,600
Burger King, 7,231
Dunkin’ Donuts, 7,015
Wendy’s, 6,594
Dairy Queen, 6,187
Taco Bell, 5,670
Domino’s Pizza, 4,907

McDonald's employs 440,000 in the USA alone. 3rd largest employer in the USA.

BK not even in the top 50 of the same list

This post has been edited by jonny4: Aug 24 2015, 12:55 PM

Esok the anti DAP fb fan page ada new item to be added into the list dah.

support ramly burger!

And slave pay of RM 3/hour for master race part timers. Pity them

nuh... dont like the food anyway..

Is this bad or good news? Miri needs Burger King!

Wait during Raya. Certain McD pay RM9 per hour for a month yo!!

ini bukti ultra kiasu tidak menghormati hari raya!!!!



oh wait, wrong tered

pfftt...racist fella. they still got other franchise businesses.

They dun have kids toys anymore. Now kids toys are not really kids that are collecting. Its adults.

sakit bontot fler. When you cannot do and other ppl does it right you call them racist. Thats the problem with you ppl, rasa hasad dengki.

its the marketing tactic actually. they drop price for essential items - babies product, pampers, formula - so that parents will go there to shop. as long as they can get traffic to go there, their other items sure will jalan together.

for other product i bet it is not as cheap. but still people will just buy it there because dont want to stop by other shop again and need to queue again.

same business strategy for sports shop lah. the badminton racquet sell dirt cheap. so later people come to buy shuttle cock. they mark up price more for the shuttle cock. good strategy and at the same time not many people realized

True. Good comment Sir

I thought speed99 owned by Bik mama?

just bought magi and nescafe from 99. haha

rosmah never use her name in invest, she will use her relation or slave name for safely.

respect the speedmart99 owner

no offence but these malay chaps are fucking bad in managing a FNB business. Tony Roma, MFM, NYSS and San Fran Coffee all were okay to do brands and now it's just shit tier. There are so much better alternatives out there.

They do this and they will be the first fast food chain to introduce pork. It will bring in the necessary crowd. They don't need so many outlets also never mind, as long as its profitable its OK.

bger king , dah berapa tahun ku tak beli since makin tahun makin kici kici