From Badminton Court To Bakery: Lee Chong Wei-Linked Investor Picks Up Christine’s For RM2.8mil

Christine's Bakery is changing hands for RM2.8 million — less than a third of what its founders invested — as Magma Group moves in with a Datuk Lee Chong Wei-linked partner, a halal certification push, and a plan to stop the bleeding before year-end.

The Rakyat Post Jake Lim · News & blogs · 59 min ago

Key points

Magma Christine was incorporated on 8 Sep and will hold two companies, CL Bakery and Kitchen CL.
CL Bakery operates the Christine’s bakery-café brand and has 10 outlets in the Klang Valley, according to the filing.
Kitchen CL handles central kitchen and food preparation activities for the brand.

Sentences selected automatically from the original article by The Rakyat Post.

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Magma Group Bhd has agreed to buy the company behind Christine’s Bakery through a joint venture with Evermont Holdings, which is co-owned by Datuk Seri Lee Chong Wei.

In a Bursa Malaysia filing on Thursday (8 October), Magma said its 80%-owned subsidiary, Magma Food Ventures, signed a conditional share sale agreement to acquire all of Magma Christine for RM2.8 million in cash.

Evermont holds the remaining 20% of Magma Food Ventures, which was incorporated on 30 September.

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Published: October 9, 2026 at 11:06 AM UTC
By: Jake Lim
Section: Malaysia
Format: Article
Original: therakyatpost.com ↗

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The Rakyat Post From Badminton Court To Bakery: Lee Chong Wei-Linked Investor Picks Up Christine’s For RM2.8mil (this story)

From Badminton Court To Bakery: Lee Chong Wei-Linked Investor Picks Up Christine’s For RM2.8mil

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