Makara Capital agreed to acquire a 20.07% stake in Sakae Holdings Ltd. from Douglas Foo Peow Yong for SGD 26.5 million

Sakae Holdings Ltd. is a Singapore-based company, which is engaged in operating restaurants, trading raw food materials, food processing and operating as a caterer and event organizer. The Company’s segments include Sakae Sushi, Hei Sushi, and Other products and services. Sakae Sushi is the main brand in the provision of food and beverages to retail customers from the general public. Hei Sushi is the main brand in the provision of halal food and beverages to retail customers from the general public. Other products and services include other brands and services, such as Sakae Teppanyaki, Sakae Delivery, Hei Delivery, Senjyu, Crepes & Cream and Nouvelle Events, Japanmartsg and Sakae Corporate Advisory. The Company and its subsidiaries companies are engaged in the businesses, such as investment holding, operating restaurants, kiosks and cafes, provision of corporate advisory services, and provision of cold storage warehousing and logistics services.