Latest news with #Metta
The Star
2 days ago
- Business
- The Star
Oasis sets the table for profit with Chef Wan deal
OASIS Harvest Corp Bhd's latest proposed acquisition of Metta Food & Lifestyle Sdn Bhd, which operates the famous Chef Wan banquet-themed chain of restaurants and cafes, is noteworthy. The first striking point is that the RM30.8mil price tag for Metta exceeds Oasis' current market capitalisation of RM25mil. Billed as RM9.73 for the 1st month then RM13.90 thereafters. RM12.33/month RM8.63/month Billed as RM103.60 for the 1st year then RM148 thereafters. Free Trial For new subscribers only
New Straits Times
5 days ago
- 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
5 days ago
- Business
- The Sun
Oasis Harvest acquires Chef Wan dining brands for RM30.8m
KUALA LUMPUR: Bursa Malaysia-listed food and beverage (F&B) player Oasis Harvest Corporation Bhd has proposed to acquire the entire stake in Metta Food & Lifestyle Sdn Bhd for RM30.8 million. The acquisition will enhance Oasis' presence in the domestic F&B sector with renowned dining brands such as 1958 by Chef Wan and Cafe Chef Wan. Metta, through its establishments, is known for banquet-themed dining experiences and cafes that capture diverse culinary tastes. This strategic acquisition enables Oasis 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. Commenting on the acquisition, Oasis executive director Ch'ng Eu Vern said this acquisition perfectly aligns with the company's strategic vision to diversify and strengthen offerings in the F&B, travel, leisure, and hospitality sectors. 'Chef Wan's prominent brands will significantly complement and expand our existing portfolio,' he said in a statement. The acquisition includes a profit guarantee from the vendors, ensuring Metta achieves a cumulative audited net profit of at least RM5.6 million over two years ending June 30, 2026, reflecting strong confidence in the long-term growth and profitability of the enlarged group. Post-acquisition, Oasis intends to streamline Metta's operations with existing brands such as Uncle Don's and Verona Trattoria. Leveraging Metta's central kitchen will enhance operational efficiency, cost management, and consistent food quality across the company's establishments. 'We are dedicated to creating a cohesive and integrated ecosystem across our brands to optimise shared resources, enhance our market presence, and deliver improved profitability. 'This strategic acquisition strengthens our competitive edge and underscores our commitment to offering exceptional dining and hospitality experiences,' he said. The acquisition will be financed partly by reallocating existing proceeds and supplemented by bank borrowings. Oasis anticipates this corporate exercise, pending approval by shareholders and relevant authorities, to contribute positively to company earnings and overall shareholder value. With Malaysia's F&B and hospitality sectors displaying robust growth driven by tourism and consumer spending, Oasis remains optimistic about its future prospects. This strategic move highlights the company's ongoing dedication to innovation, outstanding service, and sustainable growth for all stakeholders.
Khaleej Times
04-03-2025
- Health
- Khaleej Times
Bridging academic borders: King's International fellowships in movement disorders and neuro-rehabilitation
King's Dubai's Parkinson's Centre of Excellence pioneers global clinical and research training King's College Hospital London-Dubai is leading the way in international clinical and research training with its pioneering fellowships in Movement Disorders and Neuro-Rehabilitation. Notably, the programme has launched the first-ever Indonesian Visiting Fellowship in Dubai, fostering cross-border academic exchange and medical expertise. Dr Merrie, a consultant in neuro-rehabilitation at EMC Hospitals in Jakarta, recently completed her fellowship in Movement Disorders and Parkinson's under the mentorship of Dr Vinod Metta, program director at King's College Hospital Dubai. Reflecting on her experience, she highlighted the invaluable opportunity to manage complex Parkinson's cases and advanced movement disorders. She also had the rare chance to witness and study conditions such as corticobasal degeneration, ocular apraxia, and alien limb syndrome - diseases she had previously only encountered in textbooks. Additionally, her hands-on training included administering EMG-guided botulinum injections for dystonia and spasticity, as well as managing elevated intracranial pressure, under the guidance of Dr Metta and professor Ray Chaudhuri. Similarly, Mohammed, a neuro-physiotherapist, undertook a specialised Parkinson's neuro-rehabilitation training programme under Dr Metta's supervision. He was particularly impressed by the comprehensive, multidisciplinary approach at the Parkinson's Centre of Excellence, which seamlessly integrates neurophysiotherapy, speech and language therapy, and occupational therapy to manage patients across different races, ages, and stages of Parkinson's. He emphasised how the fellowship provided him with invaluable expertise in handling complex movement disorder cases, which will significantly benefit his work in Jakarta. Both Dr Merrie and Mohammed extended their heartfelt gratitude to EMC Hospitals' management - Pak Jusup, Dr Juni, Dr Metta, and Dr Sedjaya - for nominating them for this prestigious overseas training. They also expressed appreciation to King's Dubai's management team, including Kimberley Pierce and Norafiz Gee, for their support. A special mention was given to the programme directors, Dr Vinod Metta and professor Ray Chaudhuri, along with esteemed mentors Dr Guy Chung-Faye, Dr George Kapsas, Dr Nicandro, and Dr John, for their invaluable guidance. Dr Metta emphasised that King's Dubai's Parkinson's Centre of Excellence is committed to delivering world-class visiting fellowships. These programmes offer neurology residents, junior neurologists, neuro-rehabilitation consultants, and neuro-physiotherapists in-depth, hands-on training in managing a wide spectrum of movement disorders and Parkinson's disease. Fellows also gain expertise in neurophysiology, neuroradiology, and neuro-spine. He expressed his satisfaction with the overwhelmingly positive feedback from the first cohort of visiting fellows and looks forward to expanding the initiative further. This groundbreaking fellowship initiative reinforces King's Dubai's commitment to advancing global medical training and fostering cross-border knowledge exchange in movement disorders and neuro-rehabilitation. For more information about King's movement disorders, Parkinson's and neuro-rehabilitation training, as well as short-term visiting fellowships and PhD/doctoral programmes, please contact:
