RT Pastry: IPO, Dividend Pause, & Kuantan Expansion

RT Pastry raised RM16.5 million from its ACE Market IPO to fuel expansion into new markets like Kuantan, but why did this profitable, formerly dividend-paying, cash-generative business tap the public capital market instead of using its own cash?

Mike Tia, COO of RT Pastry, joins The Breakfast Grille to discuss.

We dive into why RT Pastry chose Kuantan over Johor or Penang, declining same-store sales performance, and how shifting consumer spending is impacting product strategy.

We also explore why the company raised RM16.5 million in public capital despite already generating strong cash flow and the reasons behind changes in its dividend history following a payout pause in the year before listing.

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