Jumbo Group Limited (‘Jumbo’) is one of the leading Food and Beverage (‘F&B’) companies in Singapore. It was founded in 1987 by Mr Ang Kiam Meng, current CEO of the company, when he started the first Jumbo Seafood restaurant at East Coast Seafood Centre. Well-known for its chili crabs, Jumbo gradually expanded from its first restaurant to having 36 restaurants of various brands under its portfolio today. On November 2015, Jumbo Group listed on the Singapore Exchange Securities Trading Limited Catalist Board with ticker code: SGX:42R. It IPO-ed at a share price of $0.25. As at 1 Dec 2019, it has a market capitalisation of SGD$237 million.
Business Model of Jumbo Group LimitedJumbo Group’s multi-dining food concepts include (i) restaurants owned and operated by Jumbo, (ii) restaurants operated by franchisees and (iii) restaurants operated by joint ventures and associates.