Posted by in Family Biz, Listed on Bursa Malaysia on May 26, 2020 .

Kawan Food Berhad is Malaysia’s largest Asian frozen food delicacies manufacturer and a world pioneer in the auto production of paratha and capati. The group markets its produce under five brands - Kawan, KG Pastry, Veat, PassionBake and Aman, of which Kawan remains its key brand. Its signature products of frozen paratha and chapati is a major contributor (60%) to the group’s revenue of over RM200 million. The man behind its success is Gan Thiam Chai who started business in the late 1970s by supplying traditional and homemade pastry products such as “Kuih Bakul” – Chinese New Year Gold Cake and “kulit Popiah” – spring roll pastry to local...

Posted by in Family Biz, Listed on Bursa Malaysia on May 26, 2020 .

Hwa Tai Industries Berhad is a long established quality biscuit manufacturer in Malaysia. The company’s trademark brands “Hwa Tai” and “Luxury” are popular among Malaysians. They are found locally from small sundry shops to big hypermarkets, convenience stores, and even airlines. 40% of the biscuits produced are exported to more than 28 countries. The founder of Hwa Tai, Tan Hwa Teck, started the family business in 1962 and over 30 years grew it big enough for listing in 1992 on the Kuala Lumpur Stock Exchange then (now Bursa Securities Malaysia). Four years later, Tan sold it and retired. The company changed ownership a few times and...

Kedah born food entrepreneur Tony Lim, 41, started his first Boat Noodle restaurant in 2014 at Empire Damansara, Klang Valley. Within two years he had 13 Boat Noodle restaurants, halal certified, and attracted the attention of Japan’s biggest noodle operator, Toridoll Holdings which is listed on the Tokyo Stock Exchange. Kobe-based Toridoll, led by its dynamic founder, Takaya Awata, (President of the Toridoll group), was on the lookout for acquisitions to expand outside Japan where it already had more than 1000 eateries under various brands, the chief of which was the Marugame Seimen chain of Sanuki udon restaurants (more than 850 outlets...

Established in 1979, the Sugar Bun chain is a household name in Sarawak. Sugar Bun started as an ice cream parlour but morphed over time into what is today a unique Borneo Asian Food restaurant (since 2016)  offering its signature broasted chicken with a wide range of comfort food for its customers. See the full menu at www.sugarbun.com/menu. Sugar Bun had a successful trial run with online delivery platform Foodpanda and is expanding this new channel of service.

The chain reported a revenue of about RM49 million in 2019. Sugar Bun is open for franchising. The business is operated under a Bursa Malaysia listed company, Borneo Oil...

It was Datuk Steven Chin’s first foray into the food franchise business. He runs a company, Gammerlite Sdn Bhd, that is involved in road infrastructure projects and maintains roadways in the East coast of Sabah. “I like the challenge of starting a new business,” he said in a press interview in 2015. Datuk Chin picked South Korea’s Kyochon fried chicken franchise and opened the first outlet in One Utama Mall, Petaling Jaya in March 2014. Six years on Malaysians are still enjoying this Korean crispy fried chicken which comes with its signature soy garlic or hot & sweet sauce glazed over freshly fried chicken.

The founder of Kyochon...

Posted by in Family Biz, Non-listed Companies on May 28, 2020 .

The Tan brothers, Tan Soo Kuok and Tan Lee Kok, who founded Munchy Food Industries Sdn Bhd (Munchy’s) and grew it to become the top biscuit maker in Malaysia cashed out on 8 June 2018 to one of Asia’s leading private equity fund CVC. The amount was not disclosed but a report in The Star daily mentioned a possible sum of RM1.1 billion. The Tan brothers own 70% of Munchy’s while another investor owns 30%. CVC, established in 1981, manages $82.4 billion of assets and has a global network across Europe, the Americas and the Asia Pacific region. Its Asia IV fund raised $3.495 billion in 2014.

Munchy’s started in a rented factory in 1991...

Posted by in Family Biz, Listed on Bursa Malaysia on Jun 01, 2020 .

London Biscuits Berhad started as a confectionery manufacturer in 1981. The Liew family headed by Dato’ Sri Liew Kuik Hin bought into the company in 1994. Four years later London Biscuits introduced the London Pie Cakes which were individually packaged cakes with cream fillings. Its success led to the introduction of swiss roll cakes. London Biscuits was listed in 2002 on the Second Board of the Kuala Lumpur Stock Exchange (Bursa Securities Malaysia now) and transferred to the Main Board in late 2003. In 2007 London Biscuits acquired a controlling stake in Khee San Berhad, the largest manufacturer of sweets and candy in Malaysia, famous...

Posted by in Asia, Malaysia on Jun 17, 2020 .

Rex Industry Berhad is a leading manufacturer and exporter of halal canned products, frozen food and beverages in Malaysia. Rex is its established trademark. The company has operations in Indonesia through PT Rex Canning, a manufacturer of canned processed seafood principally for export to the USA and European Union. The company is listed on the Main Board of Bursa Malaysia. The Group registered a turnover of RM136.61 million for its financial year ended 30 June 2019 and a pre-tax loss of RM14.3million. Rex Industry was a substantial shareholder (5.61%) in listed biscuit manufacturer, Hwa Tai Industries Berhad (31 March 2019) until it...