Globaltec buying 45% stake in Metta Food

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 statement, the group said it intended to develop Metta’s food and beverage (F&B) business, namely the De.Wan 1958 by Chef Wan & Cafe Chef Wan branded restaurant/cafe outlets. Metta is a company founded by Andre Shum in 2019.