I got the email from my stockbroker on JB Foods Analysis and would like to share with you all:


And the IPO Prospectus

Oh ya.. and its website – http://www.jbcocoa.com/ [don’t laugh why i put this link here… You cannot even find it when you search for “jb foods”!!!]


Short Intro
JB Foods, a major cocoa ingredient producer in Malaysia, has launched an initial public offering (IPO) of 100 million shares comprising 84 million new shares and 16 million vendor shares at 30 cents each on the Singapore Exchange (SGX) mainboard.
The placement size is 97 million shares and the public-offer tranche is three million shares. The invitation shares represent 25 per cent of the company’s post-IPO enlarged share capital of 400 million shares. Based on the company’s share capital and invitation price, its market capitalisation will be $120 million.
It now …