TCRS open to talks with Brahim's over stake buy , says CEO

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KUALA LUMPUR (Mar 11): TCRS Restaurants Sdn Bhd, the operator of The Chicken Rice Shop, is open to discussion with any party interested in acquiring a stake in TCRS' business, Bernama reports.

"We are very humbled that people see value in us. It is indeed flattering," Bernama reported TCRS CEO Wong Kah Lin as saying at TCRS's 15th anniversary celebration here today.

She was commenting on news reports that Brahim’s Holdings Bhd, the in-flight meal provider, was keen to acquire a stake in TCRS.

TCRS is receptive to discussion with any party that could help make the company bigger and to explore more opportunities, Wong said.

Brahim's, in a filing with Bursa Malaysia on Monday, confirmed The Edge weekly's report on March 7 that it was in negotiation to acquire a local food-and-beverage company.

It did not name the company but The Edge had reported that Brahim's was in talks to acquire a stake in TCRS.

Wong said the company, with 76 The Chicken Rice Shop outlets currently, planned to open another 25.

"It will mainly be in shopping malls outside the Klang Valley area," she said, including in Kelantan, Terengganu and Kedah.

TCRS Restaurants expected the new outlets to contribute 20% to its sales for this year, she said in the Bernama report.

Besides The Chicken Rice Shop, TCRS Restaurants is also the operator of Sweet Chat and Dubu-Dubu.