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.