As Singapore stocks, we know that the size of the local market is not large; hence listed companies which want to expand their businesses will have to venture abroad for larger overseas markets. In doing so, they may want to explore a completely new niche, one which requires them to build new capabilities so as to successfully enter the new trade. In this trading week (18 Aug 14 to 22 Aug 14), we hear the announcements of three companies which are considering to explore overseas.First of all, Douglas Foo of Sakae Holdings has set his sights on having 30,000 Sakae Sushi outlets across five continents one day. The company will hold an EGM to seek shareholders’ approval to diversify into financial investment, fund management and corporate finance advisory services.
Next, we have Sheng Siong which operates a chain of Sheng Siong supermarkets in Singapore, facing off with the many ......