positive99What is next for KFCH shareholders? KFCH will now make an applicatin to the High Court for its proposed capital repayment. After getting the High Court approval for capital repayment, it will make the capital repayment of RM4.00/share to its shareholders. According to the company’s given timeline, the High Court approval is expected in early to mid-Dec 2012 and the capital repayment will be made by end-Dec 2012. Subsquently, KFCH will be delisted from Bursa Malaysia in Jan 2013.
Risks. Investment risks include: 1) failure or delay of privatisation proposal or capital repayment; 2) outbreak of bird flu adversely affecting demand; and 3) increase in corn and soybean prices,
positive99above announcement given by RHB on 20th Nov