*Official* Jumbo Group Limited (SGX: 42R)

Perisher

Perisher

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Temasek unit, Osim founder said to join in IPO of chilli crab king Jumbo

http://www.straitstimes.com/busines...-said-to-join-in-ipo-of-chili-crab-king-jumbo

SINGAPORE (BLOOMBERG) - Jumbo Group, which runs chilli crab restaurants in Singapore, attracted an arm of Temasek Holdings and Roy Sim, the founder of massage chair maker Osim, as cornerstone investors for its initial public offering (IPO), people with knowledge of the matter said.

Heliconia Capital Management Pte, a Temasek unit, agreed to invest $10 million, while Ron Sim will buy $8 million of stock, according to the people.

Jumbo, which plans to start taking orders from individual investors on Thursday (Oct 29), will seek about $40 million from its Singapore IPO by selling shares at a fixed price of 25 cents apiece, the people said, asking not to be named as the information is private.

An offering that size would be the biggest IPO this year in Singapore, where nine offerings have raised just US$117 million (S$163 million), data compiled by Bloomberg show. Jumbo, known for its chili and black pepper crabs, operates restaurants serving cuisines including seafood, pork rib soup and ramen noodles to more than 6,000 customers daily, according to its website.

The restaurant operator plans to start trading in early November, one of the people said.
 
SpinFire

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Perisher said:
Temasek unit, Osim founder said to join in IPO of chilli crab king Jumbo

http://www.straitstimes.com/busines...-said-to-join-in-ipo-of-chili-crab-king-jumbo

SINGAPORE (BLOOMBERG) - Jumbo Group, which runs chilli crab restaurants in Singapore, attracted an arm of Temasek Holdings and Roy Sim, the founder of massage chair maker Osim, as cornerstone investors for its initial public offering (IPO), people with knowledge of the matter said.

Heliconia Capital Management Pte, a Temasek unit, agreed to invest $10 million, while Ron Sim will buy $8 million of stock, according to the people.

Jumbo, which plans to start taking orders from individual investors on Thursday (Oct 29), will seek about $40 million from its Singapore IPO by selling shares at a fixed price of 25 cents apiece, the people said, asking not to be named as the information is private.

An offering that size would be the biggest IPO this year in Singapore, where nine offerings have raised just US$117 million (S$163 million), data compiled by Bloomberg show. Jumbo, known for its chili and black pepper crabs, operates restaurants serving cuisines including seafood, pork rib soup and ramen noodles to more than 6,000 customers daily, according to its website.

The restaurant operator plans to start trading in early November, one of the people said.
Click to expand...

Arh, finally some news. Think it's worth a punt. :D
Ho Ching also likes chilli crabs? :D
 
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