MAIN Market-listed food & beverage (F&B) player Oasis Harvest Corp Bhd (formerly Dolphin International Bhd) has successfully obtained overwhelming support from shareholders with 99.99% approval for the resolutions tabled during its recent extraordinary general meeting (EGM).
These approvals mark a pivotal step forward in the group’s ongoing efforts to solidify its position as a key player in Malaysia’s F&B industry.
The approved resolutions include a proposed change of the company’s name to “Oasis Harvest Corp Bhd” effective today (Oct 17). This re-branding will better reflect the group’s updated corporate identity and vision for the future.
“We’re grateful for the overwhelming support from our shareholders. The approval of these resolutions allows us to focus on accelerating growth in the F&B sector where we see tremendous opportunities,” commented Oasis Harvest’s executive director Ch’ng Eu Vern.
“With our strategic plans in place, we’re confident in creating sustained value for our stakeholders.”
As part of its broader strategy, Oasis Harvest remains focused to capitalise on Malaysia’s burgeoning F&B sector which has shown strong growth prospects driven by increased consumer spending and rising tourism activity.
The group is actively pursuing growth initiatives, including potential mergers and acquisitions (M&A) of other F&B outlets that complement its current business operations.
The establishment of a cloud kitchen is also under consideration to enhance operational efficiency, reduce costs and tap into new market segments.
“We believe that there is significant potential in Malaysia’s F&B industry with Oasis Harvest well-positioned to capture this growth,’ envisages Ch’ng.
“With limited F&B counters available on Bursa Malaysia, we offer an attractive platform for other F&B operators looking to expand, collaborate and create long-term value for shareholders.”
Moving forward, Oasis Harvest will continue to focus on enhancing customer experience by implementing customer relationship management systems across its outlets and driving targeted marketing efforts to attract and retain a loyal customer base.
At 3.58pm, Oasis Harvest was up 0.5 sen or 2.8% to 18.5 sen with 33,500 shares traded, thus valuing the company at RM27.2 mil. – Oct 17, 2024
