Fastfood chain operator KFC Holdings is not planning to divest its 48% holding in Ayamas Food Corp.
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KFC Holdings sold a 5.1% stake in Ayamas earlier this summer, prompting rumours that the rest of the company may be up for grabs.
However, Group Executive Director Johari Abdul Ghani was quoted as saying: “Ayamas has always been viewed by KFCH as a strategic investment. We want to bring Ayamas to a new level.” He added that he expected Ayamas to become a significant player in the region within three years.
