29 Jun '18, 8am

Singapore’s food court operator Koufu files for SGX Mainboard IPO https://t.co/KxdA6xUElj

Singapore’s food court operator Koufu files for SGX Mainboard IPO https://t.co/KxdA6xUElj

Food court operator Koufu Group has lodged a draft prospectus with the Monetary Authority of Singapore for its proposed IPO on the SGX Mainboard. According to Business Times, the IPO could raise around S$85 million, which will be used to build an integrated facility to house a larger central kitchen, to revamp its F&B outlets and to fund other expansion plans. Founded in 2002, Koufu started off as a chain of neighbourhood coffee shops and later expanded into large-scale modern food courts in residential areas as well as commercial shopping malls, within a span of 10 years. Today, it operates than 50 food courts and coffee shops. Koufu is understood to have secured three cornerstone investors, namely Maxi-Harvest Group, Qilin Asset Management and One Hill Investments, which is affiliated to the Ho Bee Group’s family investment management vehicle. The food court operator, wh...

Full article: https://www.dealstreetasia.com/stories/singapore-koufu-ip...

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