Paramount’s acquisition of 28% of Envictus unlocks a new earnings stream, providing a platform for further growth opportunities in a consumer-centric sector.
Petaling Jaya, 29 July 2025 – Paramount Corporation Berhad (Paramount) is pleased to announce that it has entered into a share purchase agreement to acquire 28% equity stake in Envictus International Holdings Limited (Envictus), a Singapore-listed company that operates in the food and beverage (F&B) industry in Malaysia, at a total consideration of SGD38,326,850.55 (equivalent to RM126,317,634.04), further strengthening Paramount’s footprint in the broader F&B segment.
Envictus is principally involved in the F&B industry in Malaysia, with an established portfolio of businesses and brands operating under three key business divisions. Under its Food Services Division, Envictus currently operate 100 Texas Chicken restaurants and 50 San Francisco Coffee outlets in Malaysia. Its Trading and Frozen Food Division comprises Pok Brothers, a leading frozen food and premium food wholesaler for several major restaurants, while the Dairies Division is involved in the sale and distribution of the SuJohan brand of creamer. For the financial year ended 30 September 2024, Envictus recorded a profit before tax of RM55.2 million.
This investment marks a key milestone in Paramount’s strategy to diversify its portfolio and expand into the high-growth sector of F&B. Following the divestment of its education businesses in 2018, Paramount has actively explored opportunities to participate in new business interests, both locally and internationally. Since then, Paramount has made several notable investments including ventures into digital start-ups as well as overseas property development through joint ventures with Navarang Charoennakhon Company Limited in Thailand and EWI Capital Berhad (formerly known as Eco World International Berhad).
Additionally, Paramount owns two restaurants in Kuala Lumpur, namely DEWAKAN – Malaysia’s only restaurant to hold two MICHELIN Stars for two consecutive years since 2024 and a MICHELIN Green Star in 2025 – and BIDOU, a newly established restaurant serving classical French cuisine.
Paramount Group CEO Jeffrey Chew said, “The acquisition of a significant stake in Envictus marks a timely and strategic step forward for Paramount’s continuous growth. We see potential in the evergreen F&B sector, and this acquisition will diversify our earnings base.”
Source : Paramount Corporation Berhad
