11 Jan 2016
Initial Public Offering of GS Holdings Limited
Danny Lim, Penelope Loh and Alina Tan from the Capital Markets / Mergers & Acquisitions Practice Group are acting for GS Holdings Limited (the “Company” and together with its subsidiaries, the “Group”) in respect of the initial public offering and listing of the Company on the Catalist Board of the Singapore Exchange Securities Trading Limited, by way of a placement of 24,000,000 shares at S$0.25 each (the “Placement”). Upon completion of the Placement, the market capitalisation of the Company is expected to be approximately S$31 million.
The Company is an established centralised commercial dishware washing company that specialises in providing end-to-end cleaning services for Singapore’s food and beverage industry. With an estimated 40% market share, the Group serves a diversified customer base island-wide, ranging from F&B establishments located in shopping malls, food courts, coffee shops, restaurants, hawker centres, as well as a public tertiary hospital.