SGX welcomes Koufu Group Limited to Mainboard


SGX

Singapore Exchange (SGX) announced that it has welcomed Koufu Group Limited to its Mainboard under the stock code “VL6”.

Started back in 2002, Koufu Group Limited is one of the most established operators and managers of food courts and coffee shops in Singapore, with a presence in Macau.

Koufu has diversified revenue streams from its two key business segments:

  1. outlet and mall management business, under which it operates and/or manages food courts, coffee shops, a hawker centre and a commercial mall; and
  2. F&B retail business, under which it operates F&B stalls, kiosks, quick-service and full-service restaurants.

The Group’s brands include Koufu, CookHouse, Rasapura Masters, Gourmet Paradise, The Kitchen, Fork & Spoon, 1983 A Taste of Nanyang, Happy Hawkers, Elemen, Grove, 1983 Coffee & Toast, R&B and Supertea.

Pang Lim, Koufu’s Executive Chairman and Chief Executive Officer, said:

This is a vote of confidence for our Group and a recognition of our established track record and growth plans. We would like to take this opportunity to thank our investors for their support, as we strive to bring the business to new heights and continue to keep to our core values: “Better Food”, “Better People” and “Better Life” as we grow in Singapore and overseas.

Simon Lim, Head of Equity Capital Market (Sectors), SGX, added:

Koufu Group Limited is one of Singapore’s most recognisable chain of food courts and coffee shops. We are excited to be the Group’s choice listing platform as it seeks to strengthen its presence in Singapore and overseas, drive productivity through innovation and automation, as well as expand into the online food ordering and delivery space. Koufu’s listing on SGX Mainboard will provide investors with the opportunity to invest in one of Singapore’s most established household F&B brands.

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.

Koufu Group Limited opened at S$0.65 today.

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SGX welcomes Koufu Group Limited to Mainboard

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