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 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

TRUST AS THE NEW COMPETITIVE ADVANTAGE IN MALAYSIA'S AI ECONOMY
French consumers cut back spending
Asia seen as sweet spot in physical AI
Cheap labour, costly future
Europe’s AI debt rush
AI’s trillion-dollar gamble
Hedge fund veteran bets on ‘abundance’
Wong exits, Wang returns at EForce
Slow turn in earnings
SMEs yet to tap AI’s full power

Others Also Read