Koufu: One Of Singapore's Most Established & Largest Operators & Managers Of Food Courts & Coffee Shops, Launches IPO At S$0.63 Per Offering Share.11 Jul 2018 20:10
Offering of 97,008,000 Offering Shares and issuance of 21,000,000 Cornerstone Shares at the Offering Price of S$0.63 to raise gross proceeds of approximately S$74.3 million. Cornerstone investors comprise Maxi-Harvest Group Pte. Ltd., One Hill Investments Pte. Ltd. and Qilin Asset Management Pte. Ltd.. Complementary business segments with diversified revenue streams from the outlet & mall management business and F&B retail business. Resilient and cash-generative business. Keen adopter of technology to improve productivity. Future plans include expanding the network of F&B Outlets and to grow F&B retail business in Singapore and overseas, establishing a proposed integrated facility to drive and support growth, exploring joint ventures and acquisitions in complementary business segments and markets, and expanding the provision of online food ordering and delivery services...
Source: ShareInvestor Express