QSR Incorporates Company In Cambodia

via CAAI

KUALA LUMPUR, March 7 (Bernama) -- QSR Brands Bhd has incorporated a company in Cambodia, Integrated Poultry Industry (Kampuchea) Pte Ltd, for the purpose of operating a broiler and processing production in Phnom Penh.

The company said the current nominal paid-up capital and shareholdings would be subsequently changed, pursuant to the joint venture agreement dated May 10, 2010.

"The above transaction will not have any material effect on the earnings of the QSR Group for the financial year ending 31 December 2011," it said in an announcement to Bursa Malaysia Monday.

Nevertheless, the transaction is expected to contribute to future earnings, the company said.