Malaysian property developer Paramount Corporation Berhad has announced its entry into the food and beverage sector with a strategic US$29.5 million acquisition of a 28% stake in Envictus International, the operator of Texas Chicken and San Francisco Coffee in Malaysia. The deal, executed through Paramount’s wholly owned subsidiary Venice Concepts, involves the purchase of 85.17 million shares from JAG Capital. Envictus, listed on the Singapore…