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.

“Nomura is advising Loob on the stake sale. There are a number of interested suitors for this deal including private equity funds,” said a source.

Another source said: “It is still early days. The information on the stake sale has been shared with the interested suitors.”

When contacted on this, Loob founder and chief executive officer Bryan Loo declined to comment.

“The only thing I can say is that we are committed to continue growing our business during this challenging yet fruitful period while ensuring that the welfare of our staff is being protected at the same time,” he told The Edge.

Looking at Loob’s numbers, the group has been seeing top-line growth. From RM68.06 million in revenue for FY2017 (ended June 30), Loob’s topline grew to RM86.15 million in FY2018 and RM180.4 million in FY2019.

For the same period, net profit was RM2.36 million in FY2017, fell to RM1.96 million in FY2018 and grew to RM29.88 million in FY2019, according to CTOS information.

Its FY2019 is the most current financial results that are publicly available.

This latest development of a stake sale follows news last year that Loob’s planned IPO exercise has been delayed due to market conditions amid the Covid-19 pandemic.

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

Bloomberg first reported in May 2019 that Loob was considering an IPO to raise as much as RM300 million in 2020.

The wires, citing sources, reported then that Loob was considering seeking a valuation of as much as RM1 billion.

According to Loob’s website, Tealive has more than 520 outlets globally, including Malaysia, China, Vietnam, Myanmar, Brunei, Philippines, Australia, and the United Kingdom. Loob also operates other retail food brands that include Ko Ko Kai, Gindaco, and Define Food.





cakap boikot, boikot sampai ppl 29.88m net profit

cukurrrrr marehsian mudah lupa

This post has been edited by lambsauce: Feb 2 2021, 12:49 PM

He want money to buy TopGlove

"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?

This post has been edited by ozak: Feb 2 2021, 12:51 PM

Karma?

Show until 2019.

2020 most likely loss making.

Singapore investor cakap cheap.

Incoming tealive become singapore brand too.

When you see news like this, high chance they ada inside info what's going to happen to the country the rest of the year. Timely.

1 bil. Lol

only 33x 2019 P/E. haha

improved recipe acquired from TW numba 1, benda ni mahal tau toppest kek

Not wrong decimal points?

1 billion lol. 10 million valuation also give alot.

Ok all in. YOLO

pandemic sales drop like a rock, want to cash out la

If Tealive is doing so well, you think they want to IPO it? Only a fool would do that. More like they needing more cash from the public to sustain.

No, this mofo is worse.

Go behind and stab partners back. Play victim in media

Stole local companies slogan, buat bodoh

Stole interview candidate marketing idea, offer to pay in vouchers i think

Way worse

1 billion in valuation?

Seems someone is overpricing itself

bursabet mana .....

100 Million i believe.

In msia when your business reach maturity
Can consider sell liao or move out
Otherwise
Confirm kena attack

Like suddenly
Mesti bayar extra tax due to pandamic
Suddenly kena sanction Kao Kao by US

what is the unique selling proposition of Tealive ?

so many milktea shop now ..but covid also many chap lap

time to cash out brooooo

One thing i give it to Loob, he's got his kiosks in a lot places. But for 1 Billion he either must be smoking weed or he's got other revenue streams planned for his outlets and not just selling sugar water

What's the strategic value or roi in the next few years for the IPO?

reinvesting the funds to open more bubble tea shop in a saturated market?
invest in new market overseas, which at the same time, saturated and extremely competitive?

or just want to IPO and cash out? then when it drop kasi privatize. rinse and repeat, vincent tan style

How much paid to Chatime for out-of-court settlement?

inb4 he want to use the same ingredient to do glove and mask now..

kasi goreng dulu

Sohai ppl making sohai ppl rich

RM30 million profit seeking RM1000million valuation. mCB

if so good, no need sell. of course looking for exit strategy if bad.

From a cunt who backstab the main principal and yet act victim? No thanks. Only ahbeng amoi dan orenkito support them. Nampak tealive sekali mmg ludah sekali.. memalukan malaysia yet so many sohais suppprt them.

Loob?
Why the heck would people want to invest in scammer ethics business?

Selling it cheaper than the rest so alot of lower income can go and drink their sugar water.

He did the same thing as Mr DIY, rapid expansion, have their present everywhere, boost up their networth, then IPO. After IPO and cash out, don't even need to think what to do next. Money in pocket.

If this guy join shark tank / lions den and value his business at 1 billion the sharks will ask him go fly kite i am out

must credit to LGE and Zafrul la

everytime give free money for ppl buy bubble tea boost their sales

Why he need to cash out at first place? Even he want to set another start up, he more than afford and bank likely happy to loan.

someone please TLDR me what happened to tealive in the past

Although (and this is just personal opinion haha) Mr DIY looks like a mini scam job, they still have some upside and intrinsic value. But for Tealive, dont see it. He's on some weed for sure. Or he plans to convert part of his kiosks to offer Rapid testing haha

Ya.. no competitive most/advantage at all.. the Koi beat them nine street.. so many up and coming ..

For these 2 reasons ... I am out ...

Side note: probably not hard to get some private equity firm to invest... OPM what ...

Backstabbed their business partner when they covertly replaced the original recipe by putting in low cost substitutes.
Got caught red handed.
Play victim and eventually split with Chatime and formed Tealive.

Scammed business partner.
Scammed customers by using low cost substitutes for sugar water.

Now trying to scam some investors too.

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

your personal opinion is not wrong.

however, when the market is exuberant - we dont say the F word round here (Fundamentals)

The difference is I never seen big news on Mr DIY screwing their partners/suppliers and customers over.

Most likely VT style liao knowing how Chinese do business....

I'll do that as well

He puts a lot of attention to cultivating that media image.
LIke most modern 'entrepreneurs'; very fancy wrapping and marketing, very little filling.

/LowyatBets

Let's short Tealife

He is successful, don't jealous.

rofl.. let him publish 2020 report first la... lol..

Nazi is successful as well, but that doesn't make him right.

As long can sway public support, good enough. I'd say he won the media game here.

Sounds like luckin' coffee scandal. But anyway good for consumer on cheaper milk tea and more promotion.

if profit so much, why need to sell share? pardon im not so good at this, but sometimes ppl ipo because they need money rite?

Invitations are now OPEN to board a sinking ship, wait no more, folks..

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...

Sales million. Valuation 1billion. Habisla

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

Ipo when can goreng

i thought tealive is only in msia?
brand that born after Looob buttsexx Chatime?

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?

wahlao
marehsia is the land of cheapskates

Yes

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

Or big time like this chap.

apa normal

normal mamak tarak branding on ur teh ais bungkus
normal mamak tarak post ads dekat social media
normal mamak tarak hype

owaiii

That's good PR management.
The problem with good PR management is that is doesn't always benefit investors unlike strong business fundamentals. Like a double edge sword, it means you could wake up the victim and they get away with it.

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

Yup a bit misleading


Bloomberg first reported in May 2019 that Loob was considering an IPO to raise as much as RM300 million in 2020.

The wires, citing sources, reported then that Loob was considering seeking a valuation of as much as RM1 billion.

He's looking to sell now but 1 billion was what he wanted out of the IPO. Don't think he's that delusional... Or is he 😂?

I think the tie up was already discussed when he was the franchise holder for chatime. So yeah he probably used the original brand as a cable to get in.

time to cash out!

cash out time... move forwards with new business....
tealive will put there until it die...

let's see what new idea Loob will do next round..

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.

quoted for backup

selling some stakes, n go for IPO

he has always wanted to IPO for long

probably their plan on 2018-2020 was collapse because of covid

Nope. Not a chance.

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.

Postpone IPO =/= going for IPO.

Mebbe also. But for those due d work i did before, usually if seller looking for strategic sale means they want someone who not just pump cash, but can contribute to the business.

You get a LOD, and you get a LOD, everyone gets an LOD

hahah

i actually don't see a bright future in tealive

karma to make many malaysian become fatty.

Later wall street hedge fund short sell baru tau.

No need tehm, we can short sell immediately.

go dai

This plan won't success, most sohais who drink bubble tea ain't no money to buy stock

Better invest in pharmaniaga to get vaccine

Recent mr diy ipo proof the odd.

give a cup to Elon n tweet it

Is it a precursor to Malaysia economy collapse?

finally can IPO after so many years delayed.

boss gonna cash out n cabut. earn enough

just proves that you have to be a scammer/liar to be successful in business?