Sagtec Global (SAGT), a technology company focused on point-of-sale (POS) systems and enterprise software solutions, has signed a term sheet to acquire a majority stake in dining operator Malaya Heritage Holding.
Under the term sheet, SAGT proposes to acquire a 60% equity ownership for a total consideration of $3m. The consideration structure includes $1.8m via fixed-price share issuance and a $1.2m earn-out linked to revenue and EBITDA milestones.
The holding company of CNS and SS31 Kitchen, Malaya Heritage operates four heritage restaurants in Malaysia, focusing on traditional local cuisine and cultural dining.
The business is supported by a centralised production kitchen that supplies ingredients and oversees preparation processes across locations. For the financial year ended 30 June 2025, the two operating subsidiaries reported combined revenue of $3.9m.
SAGT said the investment will enable it to deploy its POS and software ecosystem directly into the restaurant operation while also participating in operating revenue.
A company statement said: “This investment creates recurring operating income exposure and a real-world platform to deploy, test, and refine its POS and software ecosystem.”
The statement also outlined plans to use operational data to support software and analytics development, alongside revenue from software subscriptions and operating margins.
SAGT CEO Kevin Ng said: “We believe this transaction represents an important step in SAGT’s long-term strategy to combine technology infrastructure with direct operating assets.”
After the completion of the transaction, SAGT plans to optimise performance across the existing Malaya Heritage outlets and implement standard operating procedures through its POS platform, and strengthen data-driven cost and margin management.
SAGT said any future expansion would be selective and based on economic returns. The company aims to deliver a 70% revenue growth at Malaya Heritage this year through operational improvements and targeted scaling initiatives.
