Koufu launches IPO at 63 cents per share to raise $74 mil

SINGAPORE (July 11): F&B operator Koufu Group has launched its initial public offering (IPO) at 63 cents a share to raise gross proceeds of $74.3 million with its proposed listing on the Mainboard of the Singapore Exchange (SGX).

The group is selling some 97 million offering shares -- comprising an international placement of 90.7 million shares and public offer of 6.3 million shares -- and 21 million cornerstone shares.

Cornerstone investors comprise Maxi-Harvest Group, One Hill Investments, and Qilin Asset Management.

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