Sanichi aims to secure order book of RM500 mln via F&B biz ventures

KUALA LUMPUR: Sanichi Technology Bhd aims to secure an order book of RM500 million over the next five years with its latest venture into the food and beverage (F&B) business.

The company said today it had entered into an equity joint venture ( JV) with FKS Holdings Pte Ltd to supply fresh produce for the international F& B industry, in addition to providing Japanese fine dining cuisine.

Under the JV, Sanichi will hold a 70 per cent equity interest and FKS the rest.

Sanichi Group Managing Director Datuk Seri Dr Pang Chow Huat said the JV planned to set up 25 outlets over the next three years across the region and major cities, namely Singapore, Kuala Lumpur, Hong Kong, Shanghai, Beijing, Melbourne, Sydney, Brisbane and Jakarta, offering “Omakase” fine dining Japanese cuisine.

“Having this opportunity to partner with FKS headed by Liow Wei Siong, a former executive chef from Marina Bay Sands restaurant, will allow Sanichi to ride on the popularity and fill the demand of growing Japanese fine dining ‘’Omakase” cuisines across this region,” he said in a statement.

Pang said the JV with FKS will also entail further collaboration with key suppliers in Japan of fresh produce such as seafood, wagyu beef and vegetables. — Bernama