Envictus International Acquires Lyndarahim Ventures

Envictus International Holdings’ wholly-owned subsidiary, Platinum Appreciation, together with Brothers Coffee Ventures have entered into a conditional share sale agreement to acquire the entire issued and paid-up share capital of Lyndarahim Ventures, for a total consideration of RM24 million, with the group acquiring 85 percent of the sale shares for a cash consideration of RM20.4 million.

The integration of the coffee chain business operated by Lyndarahim Ventures under the brand name “San Francisco Coffee”, with 28 specialty outlets in Malaysia, will allow the group to achieve operational and business synergy to improve the financial performance of the group. In particular, the group’s trading and frozen food, bakery and butchery businesses will also derive synergistic benefits from being able to supply its premium products to complement the coffee chain business.

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