Wednesday 30 January 2013

KFC - the real target is Ghani

Yesterday morning, I read this posting by senior pro-BN blogger A Voice -
Pak Lah's 4th Floor legacy to sell asset to foreigners continues with KFC

Apparently several other pro-BN bloggers had also took the initiative to write about the matter.

Honestly, I don't give a crap about what happened to the ex-Fourth Floor boy. if A Voice and the other bloggers wanted to lanyak him, I got no problem with it.

However, since my favorite Umno politician Datuk Abdul Ghani Othman was linked by the bloggers with the issue due to his posts as Johor MB and in JCorp, I felt that I need to do something to get a proper clarification.

I am quite sure Ghani is on top of things as far as this issue was concerned...well, that was the case when I left Johor a few months ago.

So, I made a few phone calls (very expensive liao) to my contacts in JB asking them to clear the air.

The feedbacks I got was that the issue was engineered by someone who was pissed off with Ghani for refusing to give him a contract.

This person then decided to use the whole thing to vilify Ghani in the blogs in the hope of tarnishing the MB's reputation with the election being just around the corner. Ghani was to be projected as failing in safeguarding Malay interests and as a person with no jati diri Melayu.


Of course the ex-fourth floor boy was conveniently there in the midst of things, so that those least familiar with it would thought that the target is just Zaki Zahid.

The actual fact is that, Ghani is the real target. And, the ultimate aim was to remove him from the MB post. They just can't wait for the election to be over to do that.

I was given the details of this person who engineered this campaign against Ghani but decided not to reveal it here because it may cause a stupid fight between us pro-BN bloggers. We don't need such thing as all our energy and time now need to be utilised for BN's preparations for the election.

Kalau nak gaduh-gaduh juga, says rasa baik tunggu lepas election sebab now we are facing the real enemy and could ill afford to fight among ourselves over issues such as this.

I however only managed to get the full explanation on the issue (without the juicy bits of course) two hours ago. Very slow to react la these people at JCorp. I was so frustrated waiting for it the whole day.

Ok, I am putting it here in full as how I received it. For those who can't read Bahasa Malaysia, please google translate. It's very late and I'm too tired to translate it for you all. I got class tomorrow, ok? And JCorp people, by right you all should pay my phone bill for this month. What? You think cheap ka want to call people in JB from Taipei. Eh, if not for Ghani, I wouldn't even be bothered with this issue la.

So, here it is -


PENGAMBILALIHAN QSR DAN KFCH OLEH JOHOR CORPORATION

Hampir kesemua pemegang saham KFC Holdings (Malaysia) Bhd dan QSR Brands Bhd telah bersetuju menerima tawaran yang dibuat oleh Massive Equity Sdn Bhd (MESB) untuk mengambil alih keseluruhan perniagaan KFCH dan QSR termasuk semua aset dan liabiliti kedua-dua syarikat itu. Kos pengambilalihan itu berjumlah RM5.2 bilion dengan pertimbangan RM4 bagi setiap unit saham KFCH dan RM6.80 bagi setiap unit saham QSR. Pengambilalihan tersebut telah selesai pada minggu lepas dan kesemua pemegang saham KFCH dan QSR telah menerima bayaran bagi saham-saham mereka pada 23 dan 25 Januari 2013 yang lalu.

Pengambilalihan ini adalah satu proses “corporate rationalization” atau pewajaran korporat yang membolehkan Johor Corporation mempunyai akses secara langsung kepada kedua-dua syarikat tersebut.

Melalui pengambilalihan ini, Johor Corporation memegang sebanyak 51% ekuiti di dalam bisnes-bisnes di bawah Massive Equity Sdn Bhd (MESB). Ini adalah peningkatan berbanding 32.8% kepentingan efektif dalam QSR dan 17.2% kepentingan dalam KFCH menerusi Kulim (Malaysia) Berhad sebelum ini.

MESB merupakan sebuah Syarikat Tujuan Khas (Special Purpose Vehicle) yang ditubuhkan bagi membolehkan Johor Corporation meningkatkan pegangan langsungnya dalam KFC dan QSR dengan kos pengambilalihan (privatisation) yang optimum.

Tawaran pengambilalihan oleh MESB adalah tawaran yang terbaik dan termurah dapat dilakukan mengikut situasi semasa, sebagaimana yang dinyatakan oleh YAB Menteri Besar Johor merangkap Pengerusi Johor Corporation di dalam akhbar Utusan Malaysia bertarikh 6 Januari 2012.

CVC Capital Partners (CVC) hanya memegang 24% saham dalam MESB, dipilih melalui kriteria pemilihan yang ketat. Selain itu, CVC merupakan sebuah firma pelaburan ekuiti swasta antarabangsa yang mempunyai prestasi bisnes yang kukuh. Ia juga berpengalaman luas dalam “management buyout” dan peningkatan keberkesanan operasi perniagaan serta mempunyai pengalaman dalam pengurusan bisnes-bisnes dan pelaburan yang berkaitan.

Pegangan lebih besar, iaitu 25% lagi saham dalam MESB, dimiliki oleh Kumpulan Wang Simpanan Pekerja (KWSP). Malah apabila pegangan saham Johor Corporation digabungkan dengan saham milik KWSP maka jumlah pegangan saham tempatan berjumlah 76% sekali gus CVC adalah pemegang saham minoriti dalam MESB.

Inilah tujuan asal pengambilalihan QSR & KFC oleh Johor Corporation yang mahu meningkatkan pegangan ekuiti efektif dalam kedua-dua syarikat tersebut sebagai pemegang saham majoriti dan jauh sekali bertujuan untuk menjual kedua-dua syarikat tersebut kepada pihak ketiga atau orang asing.

Oleh itu, kebimbangan orang ramai terhadap ketirisan kepentingan syarikat tempatan di QSR dan KFC oleh Johor Corporation adalah tidak berasas.

Sebaliknya, kita harus berbangga dengan pengiktirafan pemegang francais KFC dan Pizza Hut di Amerika iaitu Yum Brands terhadap kemampuan Johor Corporation dan KWSP dalam menerajui dan mengurus jenama antarabangsa itu sekali gus meneruskan perluasan cawangan khususnya ke India selain pembukaan ratusan cawangan baru KFC dan Pizza Hut yang akan dilakukan di Malaysia selain Singapura, Kemboja dan Brunei, tahun ini.

Pengendalian JCorp dan KWSP ini juga akan dapat terus melahirkan barisan pengurus yang berkemampuan dan berkaliber, termasuk di kalangan Bumiputera, dalam industri peruncitan serta Food & Beverage. Malah barisan pengurusan yang sedia ada dan baru dilantik mempunyai tanggungjawab besar untuk terus menjana nilai tambah dan memajukan bisnes, bukan untuk menjual atau menjejaskan kepentingan anak bangsa.

Teguhnya Johor Corporation di kedudukan teratas pemilik saham KFC dan QSR turut memayungi kepentingan puluhan syarikat Bumiputera yang terlibat dalam Contract Farming dengan kedua-dua syarikat itu serta lebih 1,700 usahawan kecil yang terlibat dalam Program Usahawan Bistari Sudut Ayamas di seluruh negara.

END

38 comments:

  1. Thanks for the update BC.

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  2. Appreciate the effort and thanks for the clarification.

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  3. Gaduh Gaduhlah! Mereka dengan Agenda Terkutuk Mereka!

    Najib is just not in control anymore!

    Muhyideen is showing his hand!

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    Replies
    1. Aloo, this got nothing to do with Muhyiddin la. Just some selfish people not happy that Ghani didn't give them what they want. That's all.

      Delete
    2. But then, why zaki zahid why kucing besar why??

      parit setongkat

      Delete

    3. zaki zahid ada lah kroni utama kj....paham-paham laa....

      Delete


    4. zaki zahid is the big boss at 4th floor during pak lah goverment.......

      Delete
  4. Ai BC, dont do striptease lah. Siapa mat frust tu? If tak nak kasi nama, kasi clue lah. Kita kena tahu so that we can berhati-hati.

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    Replies
    1. Very sorry sharifah, I really need to avoid a quarrel with my fellow bloggers. I really have no time and energy for such thing.Suffice to say that this issue had been explained many times but some people simply refused to accept the explaination and continue trying to use it to further their vested interests.

      Delete
  5. After reading 'A Voice' yesterday and and this posting today, I stick by you on this para...
    "Inilah tujuan asal pengambilalihan QSR & KFC oleh Johor Corporation yang mahu meningkatkan pegangan ekuiti efektif dalam kedua-dua syarikat tersebut sebagai pemegang saham majoriti dan jauh sekali bertujuan untuk menjual kedua-dua syarikat tersebut kepada pihak ketiga atau orang asing"
    ... now if this statement remains true and all the talk about the 2nd phase selling out are just rumours, then I say all Johoreans like me should fully support this move by JCorp,... including Tuan Haji A Voice.

    wak

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  6. Now The BIGCAT eats kentucky...slrrppp

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  7. Nothing Political Laaa Its all Business!

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  8. Errr..
    Nowadays no need call la..got whatsapp, line,tango, viber, wechat, skype..

    Unless Taiwan no wifi lo.

    KFC can sell to anyone except non malays and it is not racist.Just to protect malay interest(sic)..lol

    Finger licking good

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  9. Bigcat,

    As Johorean, and somebody fond of GO, you would probably know, before anybody start dreaming of becoming the next MB and planning to get rid of GO, they have to have an understanding or 'kawtim' the Sultan.

    It would be very difficult to unseat GO without approval from him (the Sultan), and it would be very difficult whoever want to be the next MB without the blessing from the the Sultan.

    It is suicidal to stage a coup without being a MB stature!. Currently, there is no visible character or politician can fit the MB's shoe, however lately, SS is clearly making effort to be seen publicly in JB.

    BTW, of course MY is steadier than NR, but MY is not like AI! He won't backstabbed NR, and rock the boat!

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  10. Bigcat dulu kata favorite politician ialah Chua Soi Lek, sekarang pulak Ghani......apasal ? dapat KFC makan ke ??

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  11. You know what? After reading A VOice's blog yesterday, I went to your blog immediately to get a clearer picture of what is really happening.

    Kecewa gak la tak de apa2 semalam, but I'm glad I stopped by today after reading other blog mentioning about whether Johor will fall to PR or retained by BN for PRU-13.

    Thanks for the info. So do you think the blog that first came out with the story has been feed with wrong info/rumours? well...as you said, nak gaduh2 lepas PRU13 nanti la ye heh

    ReplyDelete
    Replies
    1. Thanks for dropping by. The important thing here is that it has been assured that those who have been entrusted to manage this issue are doing their best to safeguard the rakyat's interests.

      Delete
  12. Seems like someone is suggesting that this issue might be orchestrated by a royal member.

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    Replies
    1. Sorry, it got nothing to do with the royalty. Just plain unhappy selfish person.

      Delete
  13. Sorry Big Cat, your posting has no substance, only hearsay. While other blogs could be bullshitting too, they wrote longer articles with convincing argument. Yours have none, zilch. Don't expect your readers to believe you.

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    Replies
    1. Up to them to believe or not, as far as I am concerned, I am satisfied with the explanation by representatives of JCorp.

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    2. Me, a reader, believed BigCat.

      RD

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    3. It doesnt make sense at all. Was zaki shoved down AGO's throat or what?.

      Delete
  14. Big Cat,

    Since you familiar with johor, i just need to ask the following
    1. any news about OJ adun buluh kasap? when he wants to announce "tidak akan bertanding lagi"? mahathir retired 10 years ago.
    2. how about HS ex adun sungai abong? heard that he is "menawarkan diri untuk bertanding" i thought last time he went for holiday during pru12

    usabukata

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    Replies
    1. If you ask for my opinion about OJ, you should read my previous posting on the matter

      http://bigcatrambleon.blogspot.com/2012/05/those-who-want-or-should-give-way-from.html

      As for HS, hehehe, do you seriously think a fellow who went off merajuk is worthy for consideration to be our representative?

      But I am not the one making the decisions, and since leaving Johor, I no longer have direct access to information on the ground, so I don't really know.

      Delete
  15. Bigcat,

    If the parties or person that actually bought the shares are align to Lim Kam Hoo or LKH himself, then you or GO shouldn't get nervous or worried. LKH is closed to GO and the Sultan.

    So don't worry with the news, enjoy your stay in peaceful Taiwan. It is just some small fry is not happy with the dealing want to stir up the issues.

    If the new composition of the shareholders benefit the company, why not?

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  16. Hi Big Cat,
    the whole episode is complex, more than meets the eye. the fact is , there are unseen hands in the KFC n QSR buy-out. Zaki is just an errant boy, who tries to reap benefit along the way. Ghani must be naive if he doesnt know whats going on. Check on the newly minted Tan Sri, then you can solve all the jigsaw puzzle.
    its unfortunate bcos all the chaps in JCorp n KFC all worked hard , with no hidden agenda.

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  17. If you already know that there will be problems associating with the former 4th floor boys why appoint him as the CEO in the first place. Its not as if hes the most qualified or have donkey years managing a GLC. if the power to appoint rests with AGO, of course there will be some who will question AGO'motive. This is all a matter of perception. Why in the first place, now have to waste time in defending and justifying a perfectly good corporate restructuring exercise.

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    Replies

    1. zaki zahid is kj right hand man at 4th floor.........

      Delete
  18. kita orang yang susah payah cari duit beli KFC, lepas tu senang2 aje AGO nak jual kasi besar temnolok dia..aku harap orang eprakus macam AGO ni cukup2 lah jangan nak jadi MB lagi

    ReplyDelete
    Replies
    1. Anon 17:50

      Apa benda yang yang merapu ni, 'susah payah cari duit beli KFC'. Hang tak makan nasi ka? Cuba hang tanya kawan2 hang; mereka makan KFC, berapa kali sebulan atau setahun.

      Jangan main tuduh saja yang AGO nak besarkan tempolok dia. Hang ingat dia ayam ka? Apa yang hang dengki sangat tengok orang Melayu kaya?

      RD

      Delete
    2. dia tak dengki la, tpi yang AGO tu ikut cakap orang KL pasal zaki zahid tu buat apa. dah tau benda ni nanti jadi problem nak juga amik budak tingkat 4 tu agaknya nak happykan org kl. skrg orang dah kecoh siap tuduh lagi, skrg apa yg jcorp buat tak kira la benda tu bagus ke dh jadi isu. salah sape skrg. nak salahkan org yg tuduh ke. itu la lain kali pakai la kepala otak sikit, ni namanya cari nahas..

      parit setongkat

      Delete
  19. Big Cat
    You must not go against senior blogger. Very disruptive

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  20. Dunn really understand what you jokers making a big joke on yourselves or trying to make others a dummy through pushing de blame game with fairly big names who are just fairly rich..

    ANSWER THIS SIMPLE QUESTION: IF MB IS ONLY A CEO, IS HE IN THE CAPACITY TO IMPLEMENT SUCH DRASTIC DECISION BY HIMSELF NOR NULLIFY DE SUGGESTED PLAN TO HIM? OR IS IT DE CHAIRMAN? ANOTHER QUESTION WHERE DID J CORP GET ITS SUPPORTS AND FUNDING, WHO ACTUALLY HAS MORE RIGHT TO SHARE DE BENEFITS???

    Ps. I support "SMALL CAT WITH BIGGY CAT" HEART'S SUPPORT FOR DE JOHOR MB.

    Neutral supporter in term of politics but a high spirited JOHORIEN.

    ReplyDelete
    Replies
    1. Am just stating the problem. It is perception, perception n perception. If BN have 2/3 no issue la, if u r being whacked left n right n not to mention ge coming up, be careful la. Before u do anything or appoint anyone, think twice or byk kali la the
      implications. Susah sgt ke nak
      buat...adooiiii....

      Parit setongkat

      Delete
  21. We Johorien need to worry less and trust our Sultan who has always taken de bull by horns, regardless it is QSR or who in hell takes over a percentage of de shares. J Corp mainly made its riches from de Johor state economy and its people. Even if it is hard to return a portion to de people of Johor, it should be given to de Sultan of Johor, FOR HE WILL KNOW BETTER HOW TO CARE FOR HIS STATE AND HIS PEOPLE!!!
    LONG LIVE SULTAN OF JOHOR, DE PEOPLE'S SULTAN!!!

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  22. ...... setiap kalimah di tamatkan dengan perkataan.... WANG BESAR, WANG BESAR, WANG BESAR

    ReplyDelete