From hotpot to $50M data center deal: Malaysia-based, Nasdaq-listed Chicken Claypot House’s unexpected move

The firm said in a Tuesday press release that its wholly owned subsidiary had entered into a sales and service agreement with “several strategic clients” without naming them due to non-disclosure agreements.

The contract covers maintenance services as well as comprehensive technical and operational support for data center facilities in Malaysia, including computing capacity allocation, deployment coordination, technical consulting and operational advisory services.

The scope of services could be extended to additional markets as its clients expand their international capacity, CCHH said.

The agreement would help it land additional technology infrastructure clients across Malaysia, Southeast Asia and other markets, it added.

Goh Kok E, CCHH’s CEO, said the company remained committed to its restaurant business.

“We intend to continue strengthening our restaurant operations while leveraging this partnership to expand into data centre support services and broader AI infrastructure opportunities,” he said in the press release.

The “dual-engine strategy” is aimed at diversifying revenue sources and bolstering long-term potential, he added.

Established in the Malaysian state of Penang in 2015, CCHH has expanded its chicken claypot restaurant chain to more than a dozen outlets nationwide. Most of its locations have Google ratings of at least 4.3 stars, with reviews being particularly positive about the restaurant’s chicken claypot soup, according to The Rakyat Post.

For the financial year ended Dec. 31, 2025, the company reported a net loss of RM2.68 million, reversing from a net profit of RM913,400 a year earlier, even as revenue increased 7.5% to RM9.59 million from RM8.92 million, per Bloomberg.

The company is firmly controlled by its founders and key investors. Goh Kook Fong, former CEO and Kok E’s brother, holds a 44.28% stake while Lim Soon Huat, the largest shareholder of Asia File Corp, owns 25.42%.

CCHH’s shares have fallen nearly 46% since Tuesday and were last trading at around 19 U.S. cents. The stock has also endured a steep decline since listing, tumbling roughly 96% from its debut closing price of US$4.44 last October.