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Envictus to sell loss-making Texas Chicken operations in Indonesia

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Envictus to sell loss-making Texas Chicken operations in Indonesia.

ENVICTUS International Holdings is set to cease its loss-making Texas Chicken operations in Indonesia, with the sale of the master franchise agreement and its six stores for IDR31.2 billion .

The assets have a net book value of RM10.7 million as at end-June. This implies a loss on disposal of RM1.45 million for Envictus.

 

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