Koufu says public offering 17 times subscribed

SINGAPORE (July 17): Koufu Group, one of the largest operators of food courts and coffee shops in Singapore, says the public offering was about 17 times subscribed.

This came after valid applications for 107.7 million public offer shares were received for the 6.3 million shares on public offer share were received at the close of the offer at 12 noon on Monday.

Koufu is selling up to 97 million shares at $0.63 each, in conjunction with its proposed listing on the Mainboard of the Singapore Exchange.

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