Asia Poly ventures into F&B sector
KUALA LUMPUR: Cast acrylic sheet manufacturer, Asia Poly Holdings Bhd , has ventured into the food and beverage (F&B) segment with the signing of a shareholders agreement with Uncle Don’s Holdings Sdn Bhd.
In a filing with Bursa Malaysia yesterday, APHB said under the joint venture, APHB would hold a 49% stake in the joint venture company (JVC), while Uncle Don’s would own the remaining 51% in the JVC.
Uncle Don’s , through its subsidiary, D&D Food & Beverages Sdn Bhd, would grant the JVC a non-exclusive licence and rights to use the proprietary marks and to operate new Uncle Don’s restaurants.
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