Kuala Lumpur, 12 February 2026 – Hextar Industries Bhd is acquiring a 51% stake in food and beverage retailer Woodpeckers Group for RM177.5 million (approximately EUR 37.29 million) in cash, marking its entry into the frozen dessert segment. Woodpeckers is the Malaysian master franchisee of llaollao, operating 131 outlets nationwide, and the deal includes an average annual profit guarantee of RM29 million (approximately EUR 6.09 million) over three years. Woodpeckers posted a net profit of RM30.3 million (approximately EUR 6.37 million) on revenue of RM150.64 million (approximately EUR 31.64 million) for FY2024. The acquisition aligns with Hextar’s plan to diversify into F&B retail, subject to shareholder approval, alongside the proposed disposal of three fertiliser manufacturing subsidiaries. Shares of Hextar rose 4.84% to 32 sen, giving the group a market capitalisation of RM892.9 million (approximately EUR 187.57 million).Source - https://theedgemalaysia.com/node/792839

Fonte notizia: 12 febbraio 2026, Kuala Lumpur