KUB Dec 2011

KUB: A few months ago, it came to be known that parts of KUB were up from sale. It was not a new development as KUB had said that it would be open to selling its food business, which comprises the A&W. Sources close to the company says there had been plans for KUB to look for partners given the highly competitive nature of business. There has been some interest from foreign funds for a possible partnership, while locally, Ekuinas also looked at it. KUB is said to be in the running to take over Shell Malaysia Ltd’s Liquefied petroleum gas business, which would be a tremendous boost to the company.