07/06/2025

BIZ & FINANCE SATURDAY | JUNE 7, 2025

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Malaysian Paper

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Chef Wan Group’s recipe for future growth

sidiaries, Datuk Chef Wan continues to play an integral role in shaping the brand’s future, ensuring that his culinary vision remains central to its ongoing success. This exercise represents a signi ficant development for Chef Wan Group, providing the necessary resources to propel the Chef Wan brand forward and strengthen its position in the culinary scene. Datuk Chef Wan’s legacy remains central to its identity, and he continues to be an integral part of the group’s growth. Chef Wan Group is excited about the partnership and opportunities ahead, and the brand’s core values of quality, authenticity, and excellence will continue to guide its growth, as the group remains dedicated to representing Malaysia’s rich culinary heritage consistently. “We are immensely proud of CWG’s success as a Malaysian-born brand,” said Shum. “This exercise is not about changing who we are; it’s about enabling the brand to grow and reach more people while remaining true to our roots.” With the continued support of its loyal patrons and stakeholders, Chef Wan Group is poised to expand its presence and elevate Malaysian cuisine.

o Partnership with Oasis Harvest will reinforce culinary brand’s position and propel its expansion

KUALA LUMPUR: Cleanroom and facility services provider iCents Group Holdings Bhd has inked an underwriting agreement with Alliance Islamic Bank Bhd in conjunction with its initial public offering (IPO) en route to a listing on the ACE Market of Bursa Malaysia by July. It said in a statement the IPO encompasses a public issuance of 112.5 million new ordinary shares, representing 22.5% of its enlarged issued share capital, as well as an offer for sale of 30 million existing shares, representing 6% of its enlarged issued share capital. “Out of the 112.5 million issue shares, 25 million shares will be made available to the Malaysian public via balloting, with 10 million shares to its eligible directors, employees and persons who have contributed to the success of the group, 15 million shares will be made available by way of private placement to selected investors, while 62.5 million shares will be made available by way of private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry,“ it said. Additionally, 30 million offer shares will be for selected investors by way of private placement. Group managing director Ong Mum Fei said the signing of the PETALING JAYA: Chef Wan Group’s strategic partnership with Oasis Harvest Corporation Bhd is a major milestone in its next phase of growth, reinforcing its position as a national culinary brand and propelling the group’s future ambitions. Oasis Harvest, through investment holding company Metta Food & Lifestyle Sdn Bhd – a Malaysia-based investment company with a strong focus on developing, scaling, and nurturing premium food and beverage brands – is deeply involved in the growth and strategic develop ment of Chef Wan Group, which includes renowned dining concepts such as De.Wan 1958 and Cafe Chef Wan. Metta Food CEO and managing director of Chef Wan Group Andre Shum Khum Yuin said this exercise will allow the company to enhance the reach of Datuk Redzuawan Ismail’s (Datuk Chef Wan) brand and continue its mission of sharing his culinary legacy with more people. “With Oasis Harvest’s support and

partnership, we are confident that CWG (Chef Wan Group) will thrive and expand to new markets,” he said in a statement. Metta Food, with its expertise in the food and beverage sector and understanding of emerging culinary trends, together with Datuk Chef Wan, plays a role in elevating the group’s brands while maintaining a close partnership with Datuk Chef Wan, whose culinary vision continues to shape the brand’s identity. Chef Wan Group is known for its iconic dining experiences such as De.Wan 1958 by Chef Wan and Cafe Chef Wan. Datuk Chef Wan, who remains actively involved in the direction of the brand, said, “I’m honored to remain a guiding force behind the brand as we embark on this next phase. Our goal is clear: to preserve and celebrate Malaysia’s culinary traditions while expanding our reach to food lovers everywhere and inter nationally.” As a 20% stakeholder in Chef Wan Group through Metta Food’s sub

Datuk Chef Wan’s legacy remains central to Che Wan Group’s identity, and he continues to be an integral part of its growth.

iCents signs IPO underwriting deal with Alliance Islamic Bank for ACE Market listing

Azizan Abd Aziz is Bursa Malaysia CFO effective Aug 1 PETALING JAYA: Bursa Malaysia Bhd has appointed Azizan Abd Aziz as chief financial officer (CFO) effective Aug 1. Azizan brings more than 20 years of experience in finance, accounting, corporate finance and advisory. As CFO he will oversee Bursa Malaysia’s overall finance function, including financial and management reporting, corporate planning and budgeting. Bursa Malaysia CEO Datuk Fad’l Mohamed said Azizan’s extensive experience and financial acumen will be instrumental in continuing to strengthen the exchange’s opera tional efficiency and strategic en deavours, working collaboratively with its leadership team as it navigate an increasingly dynamic market land scape. Prior to joining Bursa Malaysia, Azizan served as group CFO for Bank Islam Malaysia Bhd. His other senior roles include merger and acquisition partner at Deloitte Southeast Asia Ltd and KPMG’s financial services division in the United Kingdom and Malaysia. He holds a degree in accounting and finance from the University of Plymouth, UK, and is a member of the Malaysian Institute of Accountants as well as a fellow of the Association of Chartered Certified Accountants. Bursa Malaysia also expressed its appreciation to former CFO Rosidah Baharom, who served the exchange for 27 years.

From left: iCents Group executive directors Tan Wei Ying and Foo, Ong, Alliance Islamic Bank CEO Rizal IL-Ehzan Fadil Azim, Alliance Bank Malaysia Bhd group chief corporate and institutional banking officer Teoh Chu Lin and Alliance Islamic Bank head/senior vice-president, coverage and origination of Islamic capital markets Lim Shueh Li.

underwriting with Alliance Islamic Bank would provide the company with the financial resources and flexibility needed to accelerate its strategic growth plans. “As we expand our capabilities, we are committed to enhancing our competitive position within Malaysia’s cleanroom industry, as well as executing our geographical agreement

market in Indonesia, Singapore and Sarawak, through the IPO proceeds,” he said. Meanwhile, executive director Foo Siang Leng said the outlook of the cleanroom industry is positive, supported by steady growth in the semiconductor and electronics, data centre, pharmaceutical and food and beverage sectors, alongside the expansion plans

initiatives under Malaysia’s New Industrial Master Plan 2030. “We aim to capitalise on these opportunities through our growing involvement in these key industries by expanding our operational capabilities, expanding market reach and broadening our product range and addressable markets,“ he said. – Bernama