Life Water Berhad has today entered into a Share Sale Agreement to acquire a 90% equity interest in the Hung Tai Group for a total purchase consideration of RM46.8 million.
Founded in 1995, the Hung Tai Group comprises three Sabah-based companies: Hung On Thong Mini Supermarket Sdn Bhd, Hung Tai Enterprise (Sabah) Sdn Bhd, and Kilang Mee Ban Soon Sdn Bhd. With nearly three decades of operating history, it has grown into an established food manufacturing, wholesale, and trading business serving customers across Sabah, Labuan, Sarawak, and Brunei.
The transaction marks a deliberate strategic step to transform Life Water from a predominantly beverage-focused manufacturer into a diversified fast-moving consumer goods (FMCG) group. By acquiring established downstream capabilities—spanning the manufacture of sauces, condiments, noodles, and red bean paste, alongside wholesale distribution and trading—Life Water immediately strengthens its presence along the food value chain.
Strategically, this acquisition de-risks the Group’s expansion by securing an established operating platform, thereby bypassing the long gestation periods and execution uncertainties typically associated with greenfield developments. Complementing the earlier acquisition of Twinine Sdn. Bhd., this move accelerates Life Water’s revenue diversification, expands its consumer reach, and creates meaningful operational synergies across logistics and distribution networks.
