OldTown White Coffee facts for kids

Quick facts for kids
OLDTOWN Berhad

An OldTown White Coffee Outlet
Type	Public
Traded as	MYX: 5201
ISIN	MYL5201OO008
Industry	Coffee house
Founded	1999; 25 years ago (1999) in Ipoh, Perak, Malaysia
Founders	Goh Ching Mun Tan Say Yap
Headquarters	Tasek Industrial Estate, Ipoh , Malaysia
Number of locations	232 outlets (2018)
Area served	Asia
Key people	Datuk Dr. Ahmed Tasir Bin Lope Pihie (Independent Non-Executive Chairman) Lee Siew Heng (Group Managing Director) Goh Ching Mun (Executive Director, Chairman)
Products	Coffee  • Milk Tea  • Fuisine Food
Revenue	MYR 425.2 million (2017)
Operating income	MYR 60.77 million (2017)
Total assets	MYR 1.334 billion (2018)
Total equity	MYR 1.473 billion (2018)
Parent	JDE Peet's
Subsidiaries	White Cafe Sdn Bhd Gongga Food Sdn Bhd White Cafe Marketing Sdn Bhd Emperor’s Kitchen Sdn Bhd Dynasty Confectionery Sdn Bhd Esquire Chef Sdn Bhd Kopitiam Asia Pacific Sdn Bhd Oldtown Singapore Pte Ltd Old Town Kopitiam Butterworth Sdn Bhd Old Town Kopitiam Kuala Lumpur Sdn Bhd Old Town Kopitiam Cheras Sdn Bhd Oldtown Logistics Sdn Bhd Old Town (M) Sdn Bhd Oldtown APP Sdn Bhd Conneczone Sdn Bhd Plus One Solution Sdn Bhd OTK Eatery Sdn Bhd

OldTown Berhad (doing business as OldTown White Coffee; Chinese: 舊街場白咖啡; MYX: 5201) is Malaysia's largest halal-certified kopi tiam restaurant chain. The company also manufactures and sells instant beverage products and mixes. It operates over 200 café outlets located throughout Malaysia and other countries in the region, such as Singapore, China, Indonesia and Australia, and has plans to expand into Vietnam, South Korea and Bangladesh.

Established in 1999 in Ipoh, Perak, the company was taken over by Jacobs Douwe Egberts Holdings Asia NL BV in 2017.

History

The company was established in 1999 in Ipoh, Perak. In 2005, the company expanded into the food service sector with the opening of a chain of café outlets based on the traditional Ipoh coffee shop setting and ambience under the brand name "OldTown White Coffee".

The company is publicly listed on Bursa Malaysia on the main board. In 2017, OldTown Berhad, was taken over by Jacobs Douwe Egberts Holdings Asia NL BV (JDE), a Dutch beverage company, following an offer valued at RM1.47 billion.

Domestic market

In 2013, OldTown has 200 stores in Malaysia. The group achieved the 200th outlet in a period of 7 years.

Overseas expansion

A cup of OldTown White Coffee served at one of its Signature outlets.

A cup of Ipoh white coffee in OldTown Kopitiam in Melbourne, Australia.

Singapore

As of 2015, there are 10 OldTown White Coffee outlets in Singapore. These outlets are certified halal by the Islamic Religious Council of Singapore (MUIS).

Indonesia

Currently OldTown has 16 outlets in Indonesia in areas such as Java and Bali.

Australia

OldTown planned to open 40 outlets in Australia in 10 years. In August 2015, Australia's first OldTown outlet was opened at Elizabeth St in Melbourne, but later closed in 2017.

China

As of 2015, OldTown has four café outlets in China.