When he was the franchisee of Cha Time, he went behind his partner in Taiwan to use cheaper local ingredients instead of buying from them and possibly also underpaying royalties. He then played victim when his contract got terminated and got local social media sites to back him up. One that exposed the full story got shut down (the story that is, i think the site is still around). He immediately launched Tealive which let many to suspect he already planned to stab them in the back for some time

He also stole the slogan  Never Bully The Weak, Fear the Strong from a local company

Also stole a marketing idea from an interview candidate (spoiler, they never hired her) and when the issue blew up, i think they offer to pay her in vouchers or something.

Is he that cheap skate? Possible, rumour has it the company in charge of their IPO is being paid in...stock options hahah

Anyway this might get reported so if mods want to feel free to delete. I hear he's got a lot of pull with influencers and social media news websites

wahlao
marehsia is the land of cheapskates

Tea live now just like normal mamak Teh Tarik stall. 10b is too much

But still that Chatime spin he pulled was quite impressive i must say. Very good. And for that article detailing the actual facts to get pulled as well...

Yes

It's either small time like Aaron Ong (Envitech cough cough)

Or big time like this chap.

Loo was quoted in the media last year as saying that the company will postpone the IPO exercise, citing weak market sentiment.

And thread title suggests they're going for IPO?

i think he got cable like jho. otherwise how come petronas and tealive partner together, a lot of their remodelled stores come with tealive.

"KUALA LUMPUR (Feb 2): Loob Holding Sdn Bhd, the holding company to bubble tea brand Tealive, is looking at a strategic stake sale, according to several sources familiar with the matter."

Is that sound like in trouble?

When he was the franchisee of Cha Time, he went behind his partner in Taiwan to use cheaper local ingredients instead of buying from them and possibly also underpaying royalties. He then played victim when his contract got terminated and got local social media sites to back him up. One that exposed the full story got shut down (the story that is, i think the site is still around). He immediately launched Tealive which let many to suspect he already planned to stab them in the back for some time

He also stole the slogan  Never Bully The Weak, Fear the Strong from a local company

Also stole a marketing idea from an interview candidate (spoiler, they never hired her) and when the issue blew up, i think they offer to pay her in vouchers or something.

Is he that cheap skate? Possible, rumour has it the company in charge of their IPO is being paid in...stock options hahah

Anyway this might get reported so if mods want to feel free to delete. I hear he's got a lot of pull with influencers and social media news websites

Loo was quoted in the media last year as saying that the company will postpone the IPO exercise, citing weak market sentiment.

And thread title suggests they're going for IPO?

No la, means they are looking for strategic investor, I.e. someone who can contribute and help them expand. An alternative would be purely financial partner who just pump cash.

selling some stakes, n go for IPO

he has always wanted to IPO for long

Postpone IPO =/= going for IPO.

strategic stake sale
could also mean, something like a Series D/E round, get a big whale in - pump up the numbers for pre-ipo book building.

strategic stake sale
could also mean, something like a Series D/E round, get a big whale in - pump up the numbers for pre-ipo book building.

quoted for backup