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 (BK Singapore). Additionally, Rancak Selera will commit substantial capital to help expand the Burger King brand in Singapore and Malaysia.
Elias Diaz-Sese, president, Burger King Asia Pacific, said: “We are pleased with this new phase in our relationship and believe that they have the capacity to aggressively expand the Burger King brand presence in these two key markets.”
Source: Burger King
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