Globaltec set to acquire 45% stake in Chef Wan's F&B business for RM20mil

Left to right: Metta founder Andre Shum, Globaltec chairman Tan Sri TC Goh and Chef Wan

KUALA LUMPUR: Globaltec Formation Bhd has signed a conditional subscription and shareholders agreement to acquire a 45% equity interest in Metta Food & Lifestyle Sdn Bhd for RM20mil.

In a Friday statement, the group said it intended to develop Metta's food and beverage business, namely the De.Wan 1958 by Chef Wan & Cafe Chef Wan branded restaurant/café outlets.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Subscribe

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Subscribe

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only

Subscribe
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Globaltec Formation , TC Goh , Chef Wan , Andre Shum , acquisition , F&B , Metta Food & Lifestyle

   

Report it to us.

Next In Business News
CCK shares rise after special dividend announcement
TNB shares surge on tariff hike proposal for July 2025
Building trust through secure e-invoicing
Bursa Malaysia rises amid year-end window dressing
Ringgit opens higher against greenback
Save and win attractive prizes
Trading ideas: TNB, Southern Cable, MYMBN, CCK, YTL Power, Lebtech, Teck Guan
Sime Motors to increase service centres supporting BYD
Banking sector growth trajectory intact
Livestock trade expands to RM1.4bil in value in 2023

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.