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Rancak Selera Sdn Bhd Acquires Burger King Worldwide, Inc.'s Burger King Singapore Pte Ltd
Burger King Worldwide, Inc. announced the sale of 41 company-owned BURGER KING restaurants in Singapore to Rancak Selera Sdn Bhd (Rancak Selera), part of Ekuiti Nasional Berhad’s (Ekuinas) portfolio of companies and the current BURGER KING franchisee in Malaysia. As part of the transaction, BKW and Rancak Selera have entered into Master Franchise and Development Agreements to further develop the BURGER KING brand in both Malaysia and Singapore over the next 20 years. Under the transaction, Rancak Selera has acquired a 100% stake in Burger King Singapore Pte Ltd (BK Singapore). Additionally, Rancak Selera will commit substantial capital to help expand the BURGER KING® brand in Singapore and Malaysia
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