Soo Kee Group is offering 112.5m shares of which 103.5m is for placement and 9m for public offer at $0.30 each for a listing on Catalist. The IPO will close on 12pm on 18 August 2015. The market cap of the company will be $168.8m
The Company is a leading and established jeweller based in Singapore with more than 60 retail stores in Singapore and Malaysia. It's vision is to bring high quality jewellery products to customers. The milestones of the Company is listed below.
They have different brands targeted at different customers profiles and the brands in the portfolio include:
Financial Highlights
The revenue has been hovering around $129-143m for the last 3 years but the Company was able to improve its net margin in 2014 due to lower rental costs. Seems like the revenue is stagnant. ......
