![]() Netizens received this news with delight and openness, with some even tweeting that they had not known the ice cream chain to be locally made. Since its inception in 2013, all of Inside Scoop’s ice creams have been made fresh locally using premium ingredients, while fearlessly challenging Malaysian taste buds. They were guided by the philosophy of using high quality ingredients sourced around the world and inspired by their Malaysian taste buds, eating exploration, travels and current trends. It is the brainchild of Edmund Tan and his wife, Lim Shiew Li, and was inspired by their love for ice cream and wanting to create happy memories. ![]() Inside Scoop started as a dream to make genuinely fresh ice cream for Malaysians. ![]() The company will then acquire another 12% for RM15.5 million. He also told BFM News, the deal came about amid the company’s plans to expand its product offerings.įarm Fresh will first acquire a 53% stake from Inside Scoop’s existing shareholders for RM68.4 million. It’s all dominated by multinational companies Farm Fresh managing director Loi Tuan Ee Not many Malaysians are able to build a company with that kind of premium branding in the ice cream space. You are not only buying the business but you are buying a very credible brand. They are equivalent to people like Baskin Robbins or Häagen-Dazs. The way we look at it, Inside Scoop is a very, very strong homegrown ice cream company. Speaking to online news platform BFM News, Farm Fresh managing director Loi Tuan Ee said the valuation takes into account Inside Scoop’s past performance and potential. This will be paid via a combination of cash and new shares issued. As reported by The Edge, dairy products provider Farm Fresh Bhd plans to acquire a 65% stake in the local ice cream chain Inside Scoop for RM83.9 million.
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