18 Jul 2018

Initial public offering and listing of Koufu Group Limited

Partners Chia Kim Huat and Hoon Chi Tern and Associates James Chan and Jasselyn Seetacted for Koufu Group Limited ("Koufu"), and Jun Yuan Holdings Pte Ltd, in the initial public offering and listing of Koufu on the Main Board of the SGX-ST. Koufu is an established operator and manager of F&B establishments primarily in Singapore, with a presence in Macau. The initial public offering and the issuance of cornerstone shares raised gross proceeds of approximately S$74.3 million and Koufu has an estimated market capitalisation of S$350 million.