April 11, 2021
Business News

Successful Exit of TF Value Mart by KV Asia

SINGAPORE–()–KV Asia Capital (“KV Asia”) is pleased to announce it has fully exited its investment in TF Value Mart (“TFVM”), a leading grocery retailer in Malaysia.

The divestment was completed in November 2020 and marks the culmination of one of KV Asia’s most successful investments. TFVM was acquired by KV Asia in February 2016. Post acquisition of the business, KV Asia brought in an experienced management team led by Ho Mun Hao (CEO) and Anthony Lee (CFO), and oversaw a wide-ranging business transformation programme that focused on strengthening TFVM’s unique value proposition and various operational processes. TFVM’s differentiated positioning as a retailer offering a wide selection of fresh…

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