The IPO will end on 18 July at 12pm and will list on Catalist. The market cap will be $30m.
Principal business
The Company was founded in 1996 and is a leading Singapore-based commercial and industrial kitchen solutions providers for the F&B and hospitality industry.
It currently markets the Qson brand of kitchen equipment and clients include Jumbo Group of Restaurants, Ah Yat, Soup Restaurant, Pu Tien and Hard Rock.
Financial Higlights
The revenue has been growing slowly from $15.1m in FY2010 to $16.6m in FY2012. The net profit grew from $749k to $2.237m (excluding one off gain) during the same period.
Assuming the service agreement has been in place in ...