Pan Malaysia in JV with Baker & Cook


Companies that provide short-term consumer loans at high interest rates are on the increase in countries like Indonesia and the Philippines as many people struggle to get advances through traditional channels such as banks.

PETALING JAYA: A unit of Pan Malaysia Corp Bhd has entered into a joint venture and shareholders agreement (JVSA) with Baker & Cook Pte Ltd (B&C) in relation to the forming of a JV company in Malaysia.

The group said the purpose of the JVSA was for its unit, Megafort Sdn Bhd (MSB), and B&C to regulate their relationship with regards to their respective shareholdings in the JVCo.

In its filing with the stock exchange, it said the JVCo would carry on the franchise business of the retail food and beverage outlet operated and conducted under the trade names of “Baker & Cook” and “Plank Sourdough Pizza”.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

MUI Group's PMC to buy 51% stake in A&W Malaysia
Yinson reports third straight quarterly earnings growth
KPower posts RM37.4mil net profit in FY21, despite Covid-19 setbacks
FBM KLCI broadly higher on bargain-hunting activities
BNM's international reserves at US$116.2bil as at Sept 15
China stocks end higher, Evergrande's assurances lift real estate firms
Maybank, UOB to jointly underwrite RM2bil Islamic facility for Malayan cement
DFIs provide micro-SMEs with financing totalling RM8.1bil
Oil prices rise on tight supply, renewed risk appetite
Citi Malaysia bags multiple banking awards

Stories You'll Enjoy


Vouchers