Latest news with #Ch'ngEuVern
The Sun
2 days ago
- Business
- The Sun
ECIB becomes key investor in Oasis Harvest with 5.78% stake
KUALA LUMPUR: Bursa Malaysia-listed food and beverage (F&B) player Oasis Harvest Corporation Bhd announced that European Credit Investment Bank Ltd (ECIB) has become a substantial shareholder in the company. ECIB, a Labuan Financial Services Authority (Labuan FSA)-regulated investment bank, has acquired a 5.78% interest in Oasis, equivalent to 1,392,800 shares, through an open-market transaction on July 18. This development marks a significant vote of confidence from a reputable financial institution in Oasis's future. Oasis executive director Ch'ng Eu Vern expressed his enthusiasm about the new partnership. 'We are delighted to welcome ECIB as a substantial shareholder. This is a significant milestone for Oasis and a clear indication of our growth potential. 'ECIB's deep experience in finance and strategic advisory will be invaluable to us. 'We look forward to a close collaboration, tapping into their insights to accelerate our strategic plans and create greater value for our shareholders,' he said in a statement. Established in 2008 and based in Labuan, ECIB specialises in investment banking and wealth management, with strong insights into the Asia-Pacific region. Under the leadership of its CEO Ken Lim, ECIB is known for its experience in capital markets and strict regulatory compliance. ECIB's investment provides Oasis with a stable and strategic financial partner, strengthening the company's foundation for future expansion. The association with a well-regarded investment bank also boosts Oasis's reputation and trust among clients, partners, and the wider investment community. With the backing and expertise of ECIB, Oasis is in a stronger position to pursue ambitious growth opportunities and continue building on its success.
The Sun
2 days ago
- Business
- The Sun
ECIB emerges as substantial shareholder in Oasis Harvest with 5.78% stake
Ch'ng looks forward to a close collaboration, tapping into ECIB insights to accelerate Oasis' strategic plans and create greater value for our shareholders. KUALA LUMPUR: Bursa Malaysia-listed food and beverage (F&B) player Oasis Harvest Corporation Bhd announced that European Credit Investment Bank Ltd (ECIB) has become a substantial shareholder in the company. ECIB, a Labuan Financial Services Authority (Labuan FSA)- regulated investment bank, has acquired a 5.78% interest in Oasis, equivalent to 1,392,800 shares, through an open-market transaction on 18 July 2025. This development marks a significant vote of confidence from a reputable financial institution in Oasis's future. Oasis executive director Ch'ng Eu Vern expressed his enthusiasm about the new partnership. 'We are delighted to welcome ECIB as a substantial shareholder. This is a significant milestone for Oasis and a clear indication of our growth potential. 'ECIB's deep experience in finance and strategic advisory will be invaluable to us. 'We look forward to a close collaboration, tapping into their insights to accelerate our strategic plans and create greater value for our shareholders,' he said in a statement. Established in 2008 and based in Labuan, ECIB specialises in investment banking and wealth management, with strong insights into the Asia-Pacific region. Under the leadership of its CEO Ken Lim, ECIB is known for its experience in capital markets and strict regulatory compliance. ECIB's investment provides Oasis with a stable and strategic financial partner, strengthening the company's foundation for future expansion. The association with a well-regarded investment bank also boosts Oasis's reputation and trust among clients, partners, and the wider investment community. With the backing and expertise of ECIB, Oasis is in a stronger position to pursue ambitious growth opportunities and continue building on its success.
Focus Malaysia
3 days ago
- Business
- Focus Malaysia
European Credit Investment Bank emerges substantial shareholder of Oasis Harvest with 5.78% stake
MAIN Board-listed food & beverage (F&B) player Oasis Harvest Corp Bhd (formerly Dolphin International Bhd) has landed the European Credit Investment Bank Ltd (ECIB) as its substantial shareholder. The Labuan Financial Services Authority (Labuan FSA)-regulated investment bank acquired a 5.78% interest – an equivalent of 1,392,800 shares – in Oasis Harvest through an open market transaction on July 18, according to a Bursa Malaysia filing yesterday (July 21). This development marks a significant vote of confidence from a reputable financial institution in Oasis Harvest's future. Established in 2008, the Labuan-based ECIB specialises in investment banking and wealth management with strong insights into the Asia-Pacific region. Under the leadership of its CEO, Ken Lim, ECIB is known for its experience in capital markets and strict regulatory compliance. 'We are delighted to welcome ECIB as a substantial shareholder. This is an important milestone for Oasis Harvest and a clear endorsement of our growth potential,' an elated Oasis Harvest executive director Ch'ng Eu Vern pointed out. 'ECIB's deep experience in finance and strategic advisory will be invaluable to us. We look forward to a close collaboration, tapping into their insights to accelerate our strategic plans and create greater value for our shareholders.' ECIB's investment is poised to provide Oasis Harvest with a stable and strategic financial partner, hence strengthening the group's foundation for future expansion. Moving forward, the association with a well-regarded investment bank is expected to boost Oasis Harvest's reputation and trust among clients, partners and the wider investment community. 'With the backing and expertise of ECIB, Oasis Harvest is in a stronger position to pursue ambitious growth opportunities and continue building on its success,' added Ch'ng. At 3.25pm, Oasis Harvest was down 2 sen or 8.33& to 22 sen with 2.05 million shares traded, thus valuing the company at RM32 mil. – July 22, 2025
New Straits Times
04-06-2025
- Business
- New Straits Times
Oasis Harvest to buy Chef Wan-branded restaurant, cafe chains for RM30.8 mil
KUALA LUMPUR: Oasis Harvest Corporation Bhd, a Bursa Malaysia-listed food and beverage (F&B) player, has proposed to acquire the entire equity interest in Metta Food & Lifestyle Sdn Bhd (Metta) for RM30.8 million. Metta is the operator of banquet-themed restaurants and cafes under the brands 1958 by Chef Wan and Cafe Chef Wan. In a statement today, Oasis Harvest executive director Ch'ng Eu Vern said the acquisition includes a profit guarantee from the vendors, ensuring Metta achieves a cumulative audited profit after tax of at least RM5.6 million over two years ending June 30, 2026. This reflectes strong confidence in the long-term growth and profitability of the enlarged group, he said. "This acquisition perfectly aligns with our strategic vision to diversify and strengthen our offerings in the F&B, travel, leisure, and hospitality sectors. Chef Wan's prominent brands will significantly complement and expand our existing portfolio," he added. According to Ch'ng, the strategic acquisition will enable Oasis Harvest to broaden its culinary offerings, benefiting from Metta's market recognition, operational expertise, and the prestigious reputation of international celebrity chef Datuk Redzuawan Ismail, famously known as Chef Wan. Post-acquisition, Oasis Harvest intends to streamline Metta's operations with existing brands such as Uncle Don's and Verona Trattoria. In a filing with Bursa Malaysia yesterday, Oasis Harvest said the purchase will be financed partly by reallocating existing proceeds from a proposed property disposal (RM6 million) and supplemented by bank borrowings (RM24.8 million). The proposed acquisition is deemed as a related party transaction as Datuk Seri Tan Ooi Han, who is Oasis Harvest executive director and major shareholder, is also a vendor as well as a director and shareholder of Metta. SCS Global Advisory (M) Sdn Bhd has been appointed as the independent adviser to advise the non-interested directors and non-interested shareholders of the company in relation to the proposed acquisition.
The Sun
21-05-2025
- Business
- The Sun
Oasis Harvest Q1 revenue drops to RM2.72m amid streamlined F&B operations
KUALA LUMPUR: Bursa Malaysia-listed food and beverage (F&B) player Oasis Harvest Corporation Bhd reported a net loss of RM0.97 million on the back of RM2.72 million in revenue for the first quarter (Q1) ended March 31, 2025 (FY25). The decline in revenue for the quarter, from RM3.72 million in the same quarter last year, was primarily due to the streamlined operations in the F&B segment. Oasis had strategically reduced its Uncle Don's restaurant outlets from six to three, in line with its ongoing efforts to optimize costs and enhance profitability. Commenting on the quarterly results, executive director Ch'ng Eu Vern said the reported loss for Q1 FY25 was largely influenced by strategic operational restructuring aimed at ensuring its future growth remains sustainable. 'While the closure of some outlets impacted our immediate revenues, these decisions were necessary steps to maintain cost discipline and improve the overall operational efficiency of our restaurant business,' he said. Ch'ng further explained the difference in comparative profitability, noting, 'It's important to highlight that the corresponding quarter last year included a RM2.1 million contingent consideration waiver, which positively impacted our results previously. 'Excluding this exceptional item, our current financial performance is aligned with expectations, reflecting ongoing adjustments designed to deliver longer-term financial stability and improved shareholder returns,' he said. Despite the near-term challenges, Oasis successfully generated positive cash flow from operating activities amounting to RM0.86 million during the quarter, indicating healthy underlying operational efficiency and prudent management of working capital. Moving forward, Oasis remains confident in its long-term strategic direction. 'We continue to invest in improving customer experiences, refining our menu offerings, and enhancing cost control measures across all outlets. 'These initiatives are critical for guaranteeing sustainable growth and delivering consistent value to our shareholders over the long run,' Ch'ng added. The group maintains a cautiously optimistic outlook, bolstered by its strategic position in the Klang Valley, which continues to show resilience even amid global economic uncertainties. Oasis remains committed to strengthening its F&B business, exploring complementary sectors within the travel, leisure, and hospitality ecosystem to diversify revenue streams and enhance shareholder value. Ch'ng said Oasis remains confident in its long-term strategic direction.
