KUALA LUMPUR: Berjaya Food Bhd
(BFood) has disposed of its entire 50% equity interest, comprising 20 million ordinary shares, in Berjaya Paris Baguette Sdn Bhd (BPB) to Paris Baguette Singapore Pte Ltd for a nominal cash consideration of RM1.
In a filing with Bursa Malaysia, BFood said it entered into a share purchase agreement with the Singapore-based franchisor on June 29, with the disposal completed on June 30.
As part of the transaction, BFood settled BPB's liabilities amounting to RM3.91mil, including hire purchase obligations and other payment commitments.
BPB is principally involved in the development and operation of the “Paris Baguette” chain of bakery and retail stores in Malaysia. It has been loss-making since commencing operations in January 2023.
As at Dec 31, 2025, it recorded an unaudited net loss of RM67.09mil and net liabilities of RM33.41mil.
BFood said the original cost of its investment in the 50% stake in BPB was RM20mil, all of which has been fully impaired.
“The disposal forms part of the divestment plan of BFood to exit from the ‘Paris Baguette’ chain of bakery and retail store business in Malaysia, which has been incurring losses since the launch of the said brand name in Malaysia.
“The disposal will eliminate the group’s further exposure to BPB’s ongoing losses, enabling BFood to better allocate its resources and management focus towards its core businesses and other growth opportunities,” BFood said.
Following the completion of the disposal, BPB has ceased to be a joint venture company of BFood.
