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Luckin Coffee is under the franchise of Hextar Industries Berhad, a Malaysia-listed conglomerate. Hextar's subsidiary, Global Aroma Sdn Bhd (GASB), has the exclusive rights to develop, open, and operate Luckin Coffee stores in Malaysia.
Explanation
Hextar Industries Berhad is a Bursa Malaysia-listed conglomerate.
GASB is Hextar's food and beverage subsidiary, which was established in July 2024.
Luckin Coffee is a Chinese coffee chain that was founded in 2017.
