Ekuinas, together with Abdul Rahim(inset pic), had signed a conditional agreement with a consortium comprising Platinum Appreciation Sdn Bhd and Brothers Coffee Ventures Sdn Bhd (formerly known as Brothers Burger Ventures Sdn Bhd) for the divestment of the interests in SF Coffee. Platinum Appreciation is a wholly-owned unit of Envictus International Holdings Ltd, a company listed on the Singapore stock exchange.
KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas), together with its partner, Datuk Abdul Rahim Mohd Zin, will divest 100% stake in Lyndarahim Ventures Sdn Bhd, the holding company of San Francisco Coffee (SF Coffee) for RM24mil.
In a statement, the government-linked private equity fund management company said it was disposing of its 90% equity stake in SF Coffee as part of its restructuring exercise of food and beverages portfolio.
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