Koufu, Singapore’s most famous food court brand, gets listed with a market capitalisation of about S$350 million, with a P/E ratio of 12.94.
Koufu Group, Singapore’s most well known food court operator on Wednesday made its debut on the Singapore Exchange’s (SGX) mainboard at S$0.65, 2 cents or 3.2 per cent up on its initial public offering price of S$0.63 according to ChannelNewsAsia.
With a market capitalisation of about S$350 million, Koufu Group Limited’s listing will boost SGX’s consumer cluster to a total of 152 listings with combined market capitalisation of more than S$135 billion.
Pang Lim, Koufu’s executive chairman and chief executive officer, said its listing was “a vote of confidence for our group and a recognition of our established track record and growth plans.”
According to ChannelNewsAsia, at the close of Koufu’s public offer at 12 noon on July 16, 3,170 valid applications were received for 107.7 million shares. Application monies received amounted to about S$67.8 million, translating to the public offer being 17 times subscribed.
Koufu was founded by executive chairman and CEO Pang Lim in 2002. His wife and executive director, Ng Hoon Tien, is a co-founder.
Their main business for the IPO is provision of F&B for food courts, coffee shops, as well as other establishments. They are also in charge of the management and operations of Punggol Plaza.
18 January 2018. The Straits Times Index (STI) just closed at 3521.31 today.
If you didn’t have time to check your stocks, here’s today’s top volume stocks.
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We’re officially part of the SGX joint-initiative, Investor-One!
The Investor-One portal was created to give more awareness to Catalist-listed stocks, and officially released on the 10th anniversary of the Catalist.
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Magnus Bocker, who led the SGX after the global financial crisis, has died of cancer at the age of 55. Here’s how SGX faired under him.
Prior to Mr Bocker’s role as SGX CEO from 2009 to 2015, he was the President of the Nasdaq Stock Market, and before that, he was the creator of OMX, the Nordic exchange. Mr Bocker held over three decades of experience in the financial industry and was often regarded as a driving force for change.
Here’s a recap of Magnus Bocker’s journey and some of the significant events during his tenure with SGX: