KUALA LUMPUR: Harvest Miracle Capital Bhd
plans to invest RM4.4mil to acquire a 40% stake in Kaw Kaw Malaya Sdn Bhd (KKM), marking its entry into the food and beverage segment.
In a filing with Bursa Malaysia, the IT and ICT-related product trader said it had entered into a share subscription agreement and shareholders’ agreement with G&T Brand Sdn Bhd (GTB) to subscribe for 40,000 new shares in KKM for RM40,000 in cash, along with a shareholder’s advance of RM4.36mil.
KKM, incorporated in November 2025, is principally engaged in the operation of restaurants and related activities. It plans to operate two outlets, one at Bangunan Sultan Abdul Samad and another at Jalan Kemuning, off Jalan Imbi. The company has yet to commence operations.
Under the terms of the agreement, 70% of quarterly profit after tax plus depreciation and amortisation will be distributed to Harvest Miracle until the full RM4.4mil investment is recovered. The payout will increase to 90% if recovery exceeds 24 months.
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