Sagtec to acquire 60% majority stake in Malaya Heritage for $3M

Sagtec (SAGT) Global announced the signing of a term sheet for a 60% stake in Malaya Heritage Holding and SS31 Kitchen, operators of several established Malaysian heritage dining outlets. The investment is projected to drive 70% revenue growth in 2026 through operational optimization and strategic scaling initiatives. Malaya Heritage operates four heritage restaurant outlets in Malaysia, supported by a centralized production kitchen supplying ingredients and preparation processes across locations. For the financial year ended 30 June 2025, the two operating subsidiaries reported combined revenue of RM15,337,643.21, reflecting stable performance and a strong presence in the Malaysian heritage dining segment. The proposed investment is intended to support cashflow stability, EBITDA growth, disciplined store-level profitability, and data-driven scaling. Under the term sheet: SAGT proposes to acquire 60% equity ownership; Total consideration: $3M, structured as: $1.8M via fixed-price share issuance; Up to $1.2M earn-out tied to revenue and EBITDA milestones; No floating conversion formulas; No price-reset mechanisms; Vendor subject to 12-month lock-up.