The privatisation of KFCH and QSR is the largest private equity deal in Southeast Asia, amounting to RM5.2 billion.
QSR owns about 51 per cent of KFC, the market leader in the Malaysian fast-food business, with its operations of KFC, Pizza Hut and Ayamas restaurants.
Triple Platform is the temporary holding company for all businesses under QSR and KFC to facilitate the takeover of the two companies.
Last week, Zaki told reporters that Triple Platform had submitted the application to the Companies Commission of Malaysia to re-register QSR as a private limited company or "Sdn Bhd".
He said Triple Platform has outlined new strategies to strengthen the brands positioning as well as liquidate assets of non-core companies, such as the property segment.
These include getting new management talent and focusing on other business areas such as livestock farming.
In December 2011, UK-based CVC Capital Partners had teamed up with Johor Corporation and the Employees Provident Fund in a massive RM5.2 billion buyout offer for KFC and QSR, which was approved by the shareholders of both the listed firms.
The three parties had established Massive Equity Sdn Bhd, a special-purpose vehicle to take KFC and QSR private at RM4 for each KFC share and RM6.80 for each QSR share, which also include RM1 for each KFC warrant and RM3.79 for each QSR warrant.
