Envictus

PARAMOUNT Corporation Bhd is acquiring a 28% stake in Singapore-listed Envictus International Holdings Ltd for S$38.33 million (RM126.3 million), marking a strategic move to expand its footprint in the food and beverage (F&B) sector.

The acquisition will be made via Paramount’s wholly owned unit, Venice Concepts Sdn Bhd, through a cash purchase of 85.17 million shares from JAG Capital Holdings Sdn Bhd.

The purchase price of S$0.45 per share represents a premium of 25% to 46% over various volume-weighted average market prices of Envictus shares.

Upon completion, Paramount will become one of the controlling shareholders of Envictus, a diversified F&B player with interests in fast food chains, specialty coffee, frozen food distribution, and dairy products.

Envictus operates the Texas Chicken and San Francisco Coffee brands, and owns Pok Brothers and SuJohan among others.

Paramount said the deal aligns with its strategy to diversify and identify new income streams.

The group currently owns Dewakan and Bidou restaurants in Kuala Lumpur and views the Envictus investment as a way to leverage upstream and downstream F&B segments to support long-term earnings growth.

The acquisition is expected to be completed by August 7, 2025.

Paramount intends to fund the deal through internal funds and bank borrowings. — TMR