MAIN Board-listed food & beverage (F&B) player Oasis Harvest Corp Bhd has proposed rights issue with free warrants as part of a broader corporate exercise aimed at raising up to RM7.4 mil to fund the roll out of a new Kopitiam concept, strengthen the group’s balance sheet and support its next phase of expansion.
The exercise entails the issuance of up to 73.58 million rights shares on the basis of one rights share for every two existing Oasis shares held. This is accompanied by up to 73.58 million free detachable warrants on the basis of one warrant for every one rights share subscribed.
In addition to the proposed diversification into the marketing business, the overall corporate exercise also includes a proposed exemption from mandatory take-over obligations that may arise from the completion of the rights issue and the exercise of the warrants.
The new Kopitiam concept represents a strategic move by Oasis to enter the high-volume, quick-service dining segment, broadening its consumer reach beyond its existing premium and casual dining portfolio.
Concurrently, Oasis is seeking shareholders’ approval to officially diversify its core business to include marketing services.
This follows its proposed acquisition of an 80% equity stake in Contagious (M) Sdn Bhd, an established event management and public relations agency.
Contagious brings a proven execution track record, having managed major corporate projects including the KLIA2 launch, Celcom’s 25th Anniversary Gala Dinner and Tatler Ball Malaysia.
“The Kopitiam concept is an important next step in our F&B expansion strategy. It allows us to enter a larger, more accessible segment of the market while complementing our existing premium dining brands,” enthused Oasis’ executive director Ch’ng Eu Vern.
“At the same time, the rights issue provides the funding flexibility we need to execute this roll-out in a disciplined manner while strengthening our overall financial position.”
Alongside this, the proposed diversification into the marketing business adds another strategic layer to the group, according to Ch’ng.
“It gives Oasis the ability to build stronger in-house capabilities in branding, activations and customer engagement which will become increasingly valuable as our F&B platform grows,” he added.
As it is, the group’s F&B business remains its primary growth engine, anchored by an expanding portfolio of established brands including De.Wan 1958, Café Chef Wan, Uncle Don’s and Verona Trattoria.
On this note, the planned Kopitiam concept serves as a strategic move to capture the mid-market as well as high-volume quick-service segment by acting as a strong counter-weight to its existing premium and casual dining operations.
Looking ahead, Oasis’ board believes these combined proposals place will place the group on a much stronger financial and operational footing.
The expanded capabilities will allow the group to capitalise on Malaysia’s resilient consumer and tourism-driven economy, hence advancing its transition into a highly integrated F&B and lifestyle group.
At the close of today’s (April 10) market trading, Oasis was unchanged at 18.5 sen with 467,600 shares traded, thus valuing the company at RM27 mil. – April 10, 2026
Main image credit: Designspeak Asia
