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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...

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Source: ShareInvestor Express