Chaswood Resources Holdings, the Malaysia-based multi-concept casual dining operator, will begin trading from 9 am tomorrow on the Catalist Board, following the successful completion of its reverse takeover of Asia Silk Holdings.
Chaswood is the exclusive franchisor of TGIF in Malaysia and Singapore and Watami in Malaysia. The group currently has 13 brands and 42 restaurants, cafes and bars, serving up to five million guests annually.
Chaswood reported revenue of RM112.3 million ($46 million) for FY2010, representing a Compounded Annual Growth Rate (CAGR) of 23% from FY2008 to FY2010.
Apart from holding the exclusive rights for TGIF, Watami and Bulgogi Brothers, it also owns and operates some of Malaysia’s leading food establishments, namely Italiannies, The Apartment Restaurant & Bar, Market Hall Kitchen & Bar, Bedroom, Teh Tarik Place, Baci Italian Cafe��, Republic, Malones Irish Restaurant & Bar and Laundry.
In March, the group entered into a non-binding MOU with Singapore’s Paradise Group Holdings for the exclusive right to develop and operate Paradise Dynasty restaurants in Thailand.
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