<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 19): Ekuiti Nasional Bhd (Ekuinas) increased its investments in the food and beverage (F&amp;B) business with the latest acquisition of an 85.76% stake in Revenue Valley Sdn Bhd.</p></div>
<div class=newsTextDataWrapInner><p>Ekuinas said on Thursday it invested RM64.70 million for the stake in Revenue Valley -- which owns and operates Manhattan Fish Market, the Malaysian franchise of Tony Roma’s and the Malaysia and Singapore franchises of Popeye’s.</p></div>
<div class=newsTextDataWrapInner><p>Ekuinas, which is the government-linked private equity fund management company, said the latest acquisition would see it having five complementary F&amp;B brands with a combined revenue of almost RM200 million over 97 outlets in Malaysia, Singapore and Thailand.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>
<div class=newsTextDataWrapInner><p>It said the investment of RM64.70 million in Revenue Valley Group involved acquiring the existing stake, repayment of shareholders’ advances predominantly from Sweet Benefit Sdn Bhd and Creative Goal Sdn Bhd, which are existing financial investors in the company, and an additional capital injection into the group to finance the proposed aggressive outlet expansion programme.</p></div>
<div class=newsTextDataWrapInner><p>“The proposed investment is subject to fulfillment of conditions precedent and is expected to be completed by the first quarter of 2012,” it said</p></div>

KUALA LUMPUR (Jan 19): Ekuiti Nasional Bhd (Ekuinas) increased its investments in the food and beverage (F&B) business with the latest acquisition of an 85.76% stake in Revenue Valley Sdn Bhd.
Ekuinas said on Thursday it invested RM64.70 million for the stake in Revenue Valley -- which owns and operates Manhattan Fish Market, the Malaysian franchise of Tony Roma’s and the Malaysia and Singapore franchises of Popeye’s.
Ekuinas, which is the government-linked private equity fund management company, said the latest acquisition would see it having five complementary F&B brands with a combined revenue of almost RM200 million over 97 outlets in Malaysia, Singapore and Thailand.
It said the investment of RM64.70 million in Revenue Valley Group involved acquiring the existing stake, repayment of shareholders’ advances predominantly from Sweet Benefit Sdn Bhd and Creative Goal Sdn Bhd, which are existing financial investors in the company, and an additional capital injection into the group to finance the proposed aggressive outlet expansion programme.
“The proposed investment is subject to fulfillment of conditions precedent and is expected to be completed by the first quarter of 2012,” it said

Ekuinas buys 86.7% of Revenue Valley for RM64.70 m

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<p>(Dec 22):&nbsp;One of China’s leading developers is now on authorities’ radar for default risk. A major Hong Kong builder is asking lenders to extend loans. Another industry peer is selling an iconic but largely empty mall in Beijing.</p>


<p>(Dec 22):&nbsp;Indonesia claimed victory after Apple Inc offered to increase its investment in the country to US$1 billion (RM4.50 billion) to get President Prabowo Subianto’s government to lift a ban on the sale of iPhone 16s. The win may be short-lived.</p>


<p>(Dec 22):&nbsp;Singapore Post Ltd (SingPost)&nbsp;fired its chief executive officer and several other senior leaders following allegations related to its international e-commerce logistics parcels business.&nbsp;</p>


<p>KUALA LUMPUR (Dec 22): Prime Minister Datuk Seri Anwar Ibrahim stated that the Madani&nbsp;government has implemented strategic initiatives throughout 2024, to drive long-term prosperity for the people and the nation.</p>


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<p>BEIJING (Dec 22): China's Nio on Sunday said it would launch its new Firefly electric-vehicle (EV) brand in Europe early in the first half of 2025 (1H2025), betting that it would help the company overcome European Union (EU) tariffs.</p>


<p>KUALA LUMPUR (Dec 22): The Malaysia International Trade and Exhibition Centre (Mitec), owned by Malaysia External Trade Development Corporation (Matrade), has announced the signing of a memorandum of understanding (MOU) between Qube Integrated Malaysia Sdn Bhd and the Asia CEO Community.</p>


<p>(Dec 22):&nbsp;Emerging markets (EM)-focused investors have had little to celebrate over the past year. Or for that matter, over the past decade. Now the prospect of Donald Trump’s tariffs and trade wars has some considering abandoning them altogether.</p>


<p>SEREMBAN (Dec 22): Barisan Nasional (BN) chairman and Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has assured that Umno and Barisan Nasional (BN), as component parties, will be fully committed to the Unity Government until the next election.</p>


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