KUALA LUMPUR (Jan 16): Hextar Industries Bhd (KL:HEXIND) announced the soft opening of five Luckin Coffee outlets by the end of January 2025.
The first two outlets will open at Sunway Pyramid and Menara EcoWorld on Jan 23, Hextar Industries said in a statement. Additional outlets will follow by the end of January.
“This soft opening phase will allow the brand to gather valuable customer feedback and fine-tune its services,” the company said.
In November 2024, Hextar Industries’ subsidiary Global Aroma Sdn Bhd signed an agreement with Luckin Coffee Holding Singapore Pte Ltd to bring the Luckin Coffee brand from China to Malaysia.
The agreement grants Global Aroma the exclusive rights to develop, open, and operate coffee shops under the Luckin Coffee brand nationwide for 10 years.
Shares of Hextar Industries closed unchanged at 42 sen on Thursday, giving it a market capitalisation of RM1.15 billion.