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Investors cry foul over privatising KFC franchisees in Malaysia

A USD1.7 billion bid for Malaysia’s two main KFC fast food franchisees faces a growing chorus of opposition from investors challenging the terms of the offer that is nearly a year old and now looks to them badly undervalued.

A showdown is looming today and tomorrow, when shareholders vote on the deal.

Some investors contacted by Reuters said they planned to vote against the bid but it was not clear if they had enough firepower to do so.