KUALA LUMPUR: Oasis Harvest Corp Bhd
has proposed to acquire an 80% stake in Contagious (Malaysia) Sdn Bhd for RM900,000 cash.
In a filing with Bursa Malaysia, the food and beverage company said it entered into a conditional share sale agreement with Jubilee Holdings Sdn Bhd for the purchase of 352,000 shares in Contagious.
Contagious, an event management and public relations firm established in 2010, has worked with clients including Celcom, Malaysia Airlines and DRB-Hicom.
The company reported revenue of RM3.52mil and profit after tax of RM421,519 for the 11-month period ended Nov 30, 2025.
Upon completion, Contagious will become an 80%-owned subsidiary of Oasis, allowing the group to consolidate its earnings.
Jubilee Holdings has provided a one-year profit guarantee, requiring Contagious to achieve a minimum audited profit after tax (PAT) of RM350,000 for the financial year ending Dec 31, 2026.
Oasis said the profit guarantee implies a minimum contribution of RM280,000 in PAT to the group for the financial year ending Dec 31, 2026, based on its planned 80% stake in Contagious.
It said the RM900,000 purchase consideration will be funded internally, noting that the group held RM2.19mil in cash and equivalents as at Sept 30, 2025.
The acquisition allows Oasis to shift from outsourced to in-house event management, improving control and reducing long-term marketing costs.
It also gives the group access to Contagious’ established capabilities and client network, strengthening brand presence and supporting growth in its F&B segment.
