Philippine’s billionaire Frank Lao buys 35% stake in Malaysian coffee shop Zus

From left: Zus Coffee co-founder Terence Ho, Zus Coffee co-founder Ian Chuam Choi Garden Group head Janica Lao and Zus Coffee chief operating officer Venon Tian.

PETALING JAYA: Philippine's billionaire Frank Lao, the guy behind two of the country’s most well-known restaurants, Choi Garden and Gloria Maris, is expanding his portfolio by investing in ZUS Coffee, a Malaysian tech-driven coffee chain.

Choi Garden restaurant company chief operating officer Janica Lao has inked a deal to buy a 35% stake in ZUS Coffee last week.