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SIGNIFICANT EVENTS
12 Months Ended
Mar. 31, 2024
Significant Events  
SIGNIFICANT EVENTS

17. SIGNIFICANT EVENTS

 

On October 31, 2022, the Company has terminated all the tenancy agreements before the due date of the agreements and therefore do not generate any revenue for November and December 2022. On November 30, 2022, the Company has entered into a lease agreement with a third party, Sweet Bakery & Dessert Cafe Sdn Bhd to lease their assets to the third party. The leasing period is commencing from January 1, 2023 to December 31, 2023. The Company did not cease its business operation nor sell the operating assets. The Company is looking for a new strategic location to continue their business while leasing out their assets to the third party.

 

On January 1, 2024, the Company disposed SEHL, which indirectly resulted in the divestiture of two subsidiaries in Malaysia, Lucky Star and SH Dessert. The disposal of these subsidiaries led to the discontinuation of the Company’s asset leasing business. The Company has decided to shift its focus to providing consultancy services to restaurant owners, specializing in restaurant and kitchen management. This strategic move leverages the Director’s extensive experience in the food and beverage industry.

 

By offering expert guidance on various aspects of restaurant operations, the consultancy aims to help restaurant owners optimize their business performance. Services may include improving kitchen efficiency, menu planning, staff training, cost management, and implementing best practices for food safety and customer service. The Director’s deep industry knowledge and practical experience will be invaluable in delivering tailored solutions that address the unique challenges encountered by restaurants. This new direction not only broadens the Company’s service portfolio but also positions it as a valuable consultant for restaurant owners seeking to enhance their operational effectiveness and profitability.