JV WITH PARADISE GROUP TO OPEN OUTLETS IN SINGAPORE

Datuk Calvin Chan, his brother-in-law, Sean Koay Song Leng, and sister, Chan Yen Min, will be celebrating hefty returns on their investment in an immensely successful kopitiam business, Oriental Kopi, when the public raising of funds is completed to list the chain on the ACE market of Bursa Malaysia. Oriental Kopi Holdings Berhad is planned for listing in 2025/2026.

Launched only in 2021, Oriental Kopi has surpassed the many kopitiam chains in the country in terms of growing popularity. In 2023 its revenue rose to RM133 million and the profit was over RM20 million. The co-founders sold their stakes in Black Whale to focus on Oriental Kopi.

Oriental Kopi has signed a JV with the Chua family of Paradise Group Singapore to set up Oriental Kopi outlets there. Paradise Group has more than 10 restaurant brands which includes Paradise Dynasty, Le Shrimp Ramen ( newly opened in KL), Para Thai etc.

Oriental Kopi plans to issue over RM400 million ordinary shares to raise funds for expansion, setting up 4 retail specialty stores to sell their merchandise (one retail shop in Johor is in operation already), expand overseas and double the current 14 outlets. The offer price per share is not finalised yet at this stage. Only 60 million of the new shares to be issued are for the Malaysian public. The rest are via private placement/distribution to eligible directors and staff of Oriental Kopi group (20 million shares), selected investors (88.1 million shares), and the biggest allotment will be to Bumiputera investors (250 million shares).

ACKNOWLEDGEMENTS

Bursa Malaysia. https://www.bursamalaysia.com/regulation/prospectus_exposure/oriental-kopi-holdings-berhad-oriental-kopi