SINGAPORE (June 11): ST Group Food Industries, a food and beverage group headquartered in Australia, has launched its preliminary offer document with Singapore Exchange (SGX) to list on the Catalist Board.
ST Group currently owns the exclusive franchise and licence to six internationally F&B brands or concepts in Australia, Malaysia, New Zealand and United Kingdom.
The brands include its own Pafu and Kurimu in Australia, as well as PappaRich in Australia and New Zealand; NeNe Chicken in Australia and Malaysia; Hokkaido Baked Cheese Tart in Australia and New Zealand; Gong Cha in New Zealand and UK; Ippudo in Australia and New Zealand; and iDarts in Australia.
In addition to the above, the group is also a distributor of digital beer pong system which are mainly installed in bars.
The group intends to use the proceed from its IPO to expand its franchise network and introduce new brands; acquire new equipment and machinery and expend its existing central kitchen and corporate office in Australia; establish a new central kitchen and corporate office in Malaysia; as well as general working capital purposes.
In its outlook statement, the group’s directors believe expects the business to remain positive in view of the following trends and developments, barring unforeseen circumstances.
