KFCH recently sealed an agreement with the Employees Provident Fund to sell
its 22-storey Wisma KFC for RM90 million and lease back the building for 10
years.

Johari says the group is in talks with several investors on the sale and
leaseback arrangement. He says the disposal could be in the form of an outright
sale or via a special purpose vehicle that would issue asset-backed
securities.

QSR group completed its , restructuring in April, which saw the company
emerging as its majority shareholder in KFCH via subsidiary CI Enterprise Sdn
Bhd. It also resulted in KFCH holding a 100% stake in poultry-based Ayamas,
while Pizza Hut Holdings (Malaysia) Sdn Bhd became a wholly owned subsidiary of
QSR.

Johari says KFCH has completed the divestment of its non-core businesses
comprising money-lending,plantations, a soya bean factory, Sabang restaurants
and the Seattle's Best Coffee franchise in the third quarter of last year.

He says the group will now focus on its three brands KFC, Pizza Hut and
Ayamas.

Moving forward, Johari says for the next six months, the group will set up
more KFC-cum-Pizza Hut drive-throughs in Petaling Jaya and Penang. He says the
new outlets will cost RM 1.5 million each. QSR now has four drive-through
outlets in major towns.

He says the group plans to set up 16 Pizza Hut outlets and a similar number
of KFC outlets each year over the next five years. Johari says it will adopt a
"kiosk" concept for KFC outlets in suburban i areas to cater for a smaller
crowd.