MAIN Board-listed food & beverage (F&B) player Oasis Harvest Corp Bhd (formerly Dolphin International Bhd) has inked a conditional share sale agreement to acquire an 80% equity interest in Contagious (M) Sdn Bhd, a well-established event management and public relations agency for RM900,000 cash.
Upon completion of the deal, Contagious will become an 80%-owned subsidiary of Oasis, thus allowing the group to consolidate its financial results.
The acquisition is supported by a one-year profit guarantee which provides earnings visibility and reflects confidence in Contagious’ business performance.
Contagious is known for its track record in delivering large-scale corporate events, experiential marketing campaigns and brand activations.
Its portfolio includes notable projects such as the KLIA2 launch, Celcom’s 25th Anniversary Gala Dinner and Tatler Ball Malaysia with clients spanning telecommunications, aviation and diversified conglomerates.
The acquisition represents a strategic step for Oasis as it continues to build a broader food, lifestyle and consumer engagement ecosystem by complementing its growing portfolio of F&B brands, including De.Wan 1958 by Chef Wan, Café Chef Wan, Uncle Don’s and Verona Trattoria.
“As Oasis scales its food and lifestyle platform, execution and brand experience become increasingly critical,” commented Oasis’ executive director Ch’ng Eu Vern.
“Bringing Contagious into our group allows us to think longer-term – not just in marketing campaigns but in how we design, communicate and deliver experiences around our brands.
“This will be especially important as we expand our F&B footprint and deepen engagement with both corporate and consumer audiences.”
More broadly, Contagious’ purchase will be paid entirely in cash with part of the consideration deferred and tied to performance to align the interests of both Oasis and the vendor.
The transaction does not involve the issuance of new shares and is not expected to have a material impact on the Group’s gearing.
Looking ahead, Oasis views this acquisition as part of a broader strategy to integrate complementary businesses that enhance brand visibility, operational efficiency and long-term value creation.
As Oasis continues to expand its F&B footprint, the addition of Contagious is expected to play a supporting role in driving brand-led growth, experiential dining initiatives and lifestyle-driven engagement.
This strategic move further underscores Oasis’ commitment to building a sustainable and scalable consumer lifestyle platform, thus positioning the group for continued growth in Malaysia’s evolving F&B and lifestyle market.
At today’s (Dec 12) mid-day trading break, Oasis was unchanged at 23 sen with no share traded, hence giving the company a market capitalisation of RM34 mil. – Dec 12, 2025
