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新加坡美食控股
Singapore Food Holdings
Nominal: 1.970 RT Quote
Open-offer-subscription Rate: 16.4x One Lot Success Rate: 12.28%
COMPANY PROFILE

Singapore Food Holdings is a multi-brand Singapore-based food and beverage. The Group was ranked the seventh largest (in terms of revenue) artisanal bakery chain players in Singapore in the calendar year of 2018, and accounted for approximately 2.1% market share of the artisanal bakery chain industry.

The history of the Group can be traced back to 2013, established its first bakery outlet under "Proofer" brand in Changi City Point, Singapore. It has diversified business portfolio through the establishment of first Japanese fast casual dining restaurant under "Yuba Hut" brand in 2017. In 2018, it opened first Western fast casual dining restaurant under "Proofer" brand and first Western fast casual dining restaurant with a healthy fast casual dining concept under "Laura" brand. In the same year, it also further expanded bakery chain by establishing first bakery outlet under "300 BC" brand.

During the six-year period since, the Group has expanded its network of bakery outlets and restaurants to a total of 26 food establishments operated under four self-owned brands, "Proofer", "300 BC", "Yuba Hut" and "Laura".

All of bakery outlets and restaurants are strategically located in commercial and residential developments of Singapore. Among 26 food establishments, 21 of them are situated in Central Singapore, North East and South East districts of Singapore where major business areas and shopping malls are clustered.

BASIC INFORMATION
MarketHong Kong (GEM)
Business NatureHotels, Restaurants & Leisure
Websitewww.proofer.com.sg
Board Lot2,500
Registrar & Transfer OfficeBoardroom Share Registrars (HK)
SHARE OFFER
No. of Offer Shares60.00m shares
No. of Placing Shares54.00m shares
No. of Public Offer Shares6.00m shares
Offer Price$0.90 - $1.10
Nominal ValueHK$ 0.01 each
Stock Code8496
Sole SponsorAnglo Chinese Corporate Finance
Joint Global CoordinatorsElstone Securities, CRIC Securities
Joint BookrunnersElstone Securities, CRIC Securities, Zhongtai International Securities, Emperio Securities And Assets Management
Joint Lead ManagersElstone Securities, CRIC Securities, Zhongtai International Securities, Emperio Securities And Assets Management
TIME TABLE
Application PeriodApr 29 (Wed) - Noon, May 6 (Wed)
Price Determination DateOn or Before 5pm, May 8 (Fri)
Result Announcement DateOn or Before May 15 (Fri)
Dispatch of Shares and Refund ChequesOn or Before May 15 (Fri)
Dealings in Shares commence onMay 18, 2020. (Mon)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
DIRECTORS
ExecutiveGoh Leong Heng Aris (Chairman), Anita Chia Hee Mei (Xie Ximei)
Independent Non-ExecutiveLei Dan, John Lim Boon Kiat, Kwok Kin Kwong Gary
MAJOR SHAREHOLDERS
Director Goh Leong Heng Aris63.75%
Yang Fan11.25%
INCOME STATEMENT (SG$'000)
(Year ended Jun 30)
2020 *20192018
Revenue5,38916,3199,591
Pre-Taxed Profit(768)1,712918
Attributable Profit for the period(770)1,451861
* For the four months ended October 31, 2019.
OFFER STATISTICS (HK$)
Offer Price$0.90 - $1.10
Capitalization$216m - $264m
Unaudited pro forma adj NAV / share$0.30 - $0.34
USE OF PROCEEDS
Assuming the offer price being at the mid-point of $1.00, the net proceeds raised would be HK$29.9m, of which:
* $22.5m (75.2%) to open artisanal bakery outlets, Japanese fast casual dining restaurants and Western fast casual dining restaurant;
* $2.8m (9.3%) to expand workforce;
* $2.7m (9.0%) to purchase machineries and equipment for existing central kitchen and to set up a new cake room;
* $0.5m (1.7%) to purchase a lorry;
* the balance of $1.4m (4.8%) as additional working capital.
CHART
IPO NEWS
No related information.
RELATED STOCK COMPARISON
Code Name Nominal Change %Change
01843SNACK EMPIREdown0.224-0.003-1.322%
02108K2 F&Bup0.1560.0064.000%
08475K GROUP HLDGSunchange0.7600.0000.000%
08496SG FOOD HLDGSup1.9700.0100.510%
08527JLOGO HLDGSunchange0.4700.0000.000%
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
  Quote data is at least 15-min delayed,last updated: 03/07/2020 17:58
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